Retirement Planning Port Saint Lucie FL

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.

Barbara Nevils
Nevils Financial, LLC
(877) 552-2638
960 SE Indian Street
Stuart, FL
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MA

Mr. Dennis C. Ragosa, CFP®
(772) 785-8588
116 NW Rockbridge Ct
Port Saint Lucie, FL
Firm
Lincoln Financial Securities
Areas of Specialization
Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Michael A. Modica, CFP®
3073 SE Darien Rd
Port Saint Lucie, FL
Key Considerations
Average Net Worth: $100,000 or less

Average Income: $50,000 or less



Data Provided by:
Ms. Jacqueline Ann Bishop, CFP®
100 SW Albany Ave Ste 200
Stuart, FL
Firm
Raymond James & Associates, Inc.
Areas of Specialization
Asset Allocation, General Financial Planning, Insurance Planning, Long-Term Care, Retirement Planning

Data Provided by:
Mr. Arthur M. Brink Jr., CFP®
(704) 906-3378
2445 SW Manor Hill Dr
Palm City, FL
Firm
Brink Associates

Data Provided by:
Ms. Olga L. De Value, CFP®
(561) 704-8544
4081 SW Mackemer Rd
Port St Lucie, FL
Firm
MetLife Resources
Areas of Specialization
Education Planning, General Financial Planning, Investment Planning, Retirement Planning

Data Provided by:
Mr. James R. Zick, CFP®
(561) 972-5062
10083 SW Glenbrook Dr
Port St Lucie, FL
Firm
BankAtlantic
Areas of Specialization
Banking, General Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Richard T. Salter, CFP®
(772) 785-8427
146 W Caribbean
Port Saint Lucie, FL
Firm
RT Salter Financial Services I
Areas of Specialization
Asset Allocation, Education Planning, Elder Care, Estate Planning, General Financial Planning, Investment Management, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Adam S. Palas, CFP®
(772) 419-8998
43 SE OCEAN BLVD
STUART, FL
Firm
BRIDGE FINANCIAL

Data Provided by:
Mr. Lee R. Boughner, CFP®
(772) 283-8201
C/O UBS Financial Services Inc.
Stuart, FL
Firm
UBS Financial Services Inc

Data Provided by:
Data Provided by:

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....

Click here to read the rest of this article at Zacks.com