Retirement Planning Pueblo CO

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.

Mrs. Martha J. Wilcoxson, CFP®
(719) 545-6499
601 Court St
Pueblo, CO
Firm
Martha J. Wilcoxson
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Education Planning, Elder Care, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. Michael G. Salardino, CFP®
(719) 544-9071
310 E Abriendo Ave
Pueblo, CO
Firm
Security Service Investments

Data Provided by:
US Bank - Pueblo Central Office
(719) 545-0104
503 N Main St
Pueblo, CO
Languages
Spanish
Drive Up Hours
Mon 07:30 am to 06:00 pm
Tue 07:30 am to 06:00 pm
Wed 07:30 am to 06:00 pm
Thur 07:30 am to 06:00 pm
Fri 07:30 am to 06:00 pm
Sat 09:00 am to 12:00 pm

US Bank - Pueblo 1st Street Office
(719) 545-0104
600 Court St
Pueblo, CO
Drive Up Hours
Mon 07:30 am to 06:00 pm
Tue 07:30 am to 06:00 pm
Wed 07:30 am to 06:00 pm
Thur 07:30 am to 06:00 pm
Fri 07:30 am to 06:00 pm
Sat 09:00 am to 01:00 pm

US Bank - Belmont Office
(719) 545-7691
1018 Constitution Rd
Pueblo, CO
Languages
Spanish
Drive Up Hours
Mon 07:30 am to 06:00 pm
Tue 07:30 am to 06:00 pm
Wed 07:30 am to 06:00 pm
Thur 07:30 am to 06:00 pm
Fri 07:30 am to 06:00 pm
Sat 09:00 am to 12:00 pm

Ms. Corinne G. Koehler, CFP®
(719) 296-8657
200 W B St
Pueblo, CO
Firm
Wells Fargo Adviosrs-FINET
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Robert N. Jurasic, CFP®
(719) 564-7789
1325 S Prairie Ave Ste 2
Pueblo, CO
Firm
National Planning Corporation
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Investment Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Wells Fargo - Pueblo
(719) 549-3909
201 W 8Th St
Pueblo, CO
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat-Sun Closed

US Bank - Belmont Bonforte Drive-Up
(719) 545-7691
1130 Bonforte
Pueblo, CO
Languages
Spanish
Drive Up Hours
Mon 07:30 am to 06:00 pm
Tue 07:30 am to 06:00 pm
Wed 07:30 am to 06:00 pm
Thur 07:30 am to 06:00 pm
Fri 07:30 am to 06:00 pm
Sat 09:00 am to 12:00 pm

Wells Fargo - Pueblo North
(719) 586-3149
3000 Hart Rd
Pueblo, CO
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 09:00 AM-03:00 PM
Sun Closed

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....

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