Retirement Planning Riverside 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.

David Barnett
Barnett Financial Planning
(714) 420-7225
11801 Pierce St., 2nd Floor
Riverside, CA
Expertises
Middle Income Client Needs, Retirement Plan Investment Advice, Ongoing Investment Management, Advising Medical Professionals, Real Estate Investments, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Anthony W. Zapico, CFP®
(951) 276-1131
6876 Indiana Ave
Riverside, CA
Firm
Freedom Advisors, Inc.

Data Provided by:
Mr. Randy K. Barkley, CFP®
(951) 684-7011
6772 Magnolia Avenue
Riverside, CA
Firm
TriCord Advisors, Inc.
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Business Executives

Data Provided by:
Mr. Charles G. Jimison, CFP®
(888) 908-3543
6185 Magnolia Ave Ste 319
Riverside, CA
Areas of Specialization
Elder Care, Employee and Employer Plan Benefits, Healthcare Planning, Insurance Planning, Long-Term Care, Retirement Planning, Small Business Planning

Data Provided by:
Mr. James B. Scribner (RFC®), CFP, CLU, CSA
(951) 784-2670
1220 Via Vallarta
Riverside, CA
Company
Independent Financial Group, LLC
Qualifications
Education: BA, MS
Years of Experience: 33
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Healthcare Accounts, Charitable Foundations, BuySell, Compensation Plans

Data Provided by:
Mr. Mike B. Mccoy, CFP®
(951) 784-7884
4857 Arlington Ave
Riverside, CA
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. James R. Valmonte, CFP®
(951) 328-0894
5995 Brockton Ave Ste B
Riverside, CA
Firm
Independent Financial Advisors, LLC
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Ms. Linda Olson Corcoran, CFP®
(951) 684-0834
5790 Magnolia Ave
Riverside, CA
Firm
ING Financial Advisers. LLC

Data Provided by:
Mr. James B. Scribner, CFP®
(951) 784-2670
1220 Via Vallarta
Riverside, CA
Firm
Independent Financial Group
Areas of Specialization
Social Security 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:
Ms. Patricia Wallace, CFP®
(951) 320-2260
3564 Central Ave
Riverside, CA
Firm
Ameriprise Financial Services,

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....

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