Retirement Planning Pomona CA

Planning ahead for retirement is vital for people of all ages who wish to be financially independent once they opt to retire. Money can be allocated to investments or set aside in savings plans in order to avoid being used too early, though investments do involve some degree of risk. Many people save for retirement through employer-sponsored defined contribution plans, such as IRAs, 401(k)s, and profit sharing plans. Other types of plans and DIY retirement planning are also options and all of the available avenues are generally characterized by tax advantages.

Heena Shah
Lighthouse Financial Services, Inc.
(714) 572-8900
3000 East Birch, Suite 107
Brea, CA
Expertises
Retirement Planning & Distribution Rules, Cash Flow/Budgets/Credit Issues, Tax Planning, Ongoing Investment Management, Estate & Generational Planning Issues, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, CFP®

Carl Camp
Eclectic Associates, Inc.
(714) 738-0220
1021 W. Bastanchury Road, Suite 120
Fullerton, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, College/Education Planning, Charitable Giving - Trusts & Foundations, Tax Planning, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Mark Seiler
Seiler & Associates
(626) 432-1600
3452 East Foothill Blvd., Suite 400
Pasadena, CA
Expertises
Ongoing Investment Management, Tax Planning, Planning Issues for Business Owners, Advising Employee Benefit Plan Participants, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

Steven Medland
TABR Capital Management, LLC
(714) 704-9180
500 N. State College Blvd, Suite 1320
Orange, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, High Net Worth Client Needs, Planning Issues for Business Owners, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Emile A. Rabito Jr., CFP®
(909) 599-4557
425 W Bonita Ave
San Dimas, CA
Firm
Ameriprise Financial Services,
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
William Duff
Duff Financial Advisory Services
(626) 301-9266
106 W. Lime Avenue, Suite 200B
Monrovia, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MBA

David Little
Eclectic Associates, Inc.
(714) 738-0220
1021 W. Bastanchury Road, Suite 120
Fullerton, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, College/Education Planning, Charitable Giving - Trusts & Foundations, Tax Planning, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, BS, CFA, CFP®

Louis Barajas
Louis Barajas, Wealth Planning
(562) 347-0070
10330 Pioneer Blvd., Suite 250
Santa Fe Springs, CA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Advising Entrepreneurs, Advising Medical Professionals, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, EA, MBA

Ricardo Ulivi
Ulivi Wealth Management
(714) 771-6000
369 South Glassell Street
Orange, CA
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Ongoing Investment Management, Retirement Plan Investment Advice, Real Estate Investments, Tax Planning
Certifications
NAPFA Registered Financial Advisor, MBA, PhD

Mr. Teodoro Ruiz Jr., CFP®
(888) 722-4287
1152 Via Verde Ste 116
San Dimas, CA
Firm
ClearPoint Financial Group (Ted Ruiz)
Areas of Specialization
Accounting, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided by:
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Retirement Planning

By: Jonas Zamora
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

Closing in on retirement?

Are you closing in on retirement? If your goal is to retire in the next five years, you are in that critical stage in the retirement planning cycle. You have to take care of details like your 401(k) distributions or rollover, exercise of stock options, pension distributions, and when to take social security payments. Then there's figuring out what you need to draw out of your investments when that big day arrives. What you do in the first five years after retirement will also play a key role over the following 25-30 years.

First, let's discuss your first steps five years before going off into retirement bliss:

1. Put more money away. I read an article that says we are saving too much for retirement. That is bunk! Let's say your retirement target is 65 years of age. Most of you will be able to and should contribute extra to your 401(k) after reaching 50 years of age. That amount is $15,500 per year plus catch up amount of $5,000. Over a 15-year time frame for someone who is 50 years old today, assuming a 7% annual return, the savings by age 65 amounts to over $500,000. Without the extra $5000 in contributions, you would only have around $376,000.

2. Over the last year to two years before retirement, consider being more conservative in your 401(k). Don't leave a majority of these assets in employer stock! If the market takes a nosedive, you still have a great base to invest and live off of when you retire. Diversify.

3. Remember to exercise those in-the-money stock options. Many folks get so excited about their last day at the office, they forget about exercising the valuable stock options while still profitable.

4. Place money in an emergency fund with 1-2 years worth of living expenses in a cash or CD account....

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