Retirement Planning Salina KS

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.

Mr. Joel W. Looney, CFP®
(785) 823-3097
P.O. Box 1495
Salina, KS
Firm
Financial Management Group, LLC

Data Provided by:
Mr. Larry Fief, CFP®
(785) 825-1621
600 S Santa Fe Ave
Salina, KS
Firm
The Bank of Tescott

Data Provided by:
Ms. Celia Countryman Heller, CFP®
(785) 825-6905
2100 S. 9th ST
Salina, KS
Firm
Celia Countryman Heller
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Education Planning, Sudden Wealth Management, Women's Finances
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Bank of America - Central Mall
(785) 826-4191
2259 S. 9th
Salina, KS
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Indoor ATM Services: Open 24 Hours, Braille, Accepts Deposits
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 10-7
Tuesday 10-7
Wednesday 10-7
Thursday 10-7
Friday 10-7
Saturday 10-4
Sunday Closed
Drive Up Hours
Monday 7:30-5:30
Tuesday 7:30-5:30
Wednesday 7:30-5:30
Thursday 7:30-5:30
Friday 7:30-5:30
Saturday 8-10
Sunday Closed

Daniel Weeks
Syverson & Company, LLC
(913) 317-6000
7500 College Blvd., Suite 140
Overland Park, KS
Expertises
Advising Medical Professionals, High Net Worth Client Needs, Charitable Giving - Trusts & Foundations, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Mrs. Brandy R Felzien, CFP®
(785) 826-5313
3025 Cortland Cir
Salina, KS
Firm
Sunflower Bank
Areas of Specialization
Asset Allocation, Budget Development, General Financial Planning, Investment Management, Retirement Planning, Wealth Management

Data Provided by:
Mr. Douglas W Stein, CFP®
(785) 825-4636
118 W Iron
Salina, KS
Firm
Wells Fargo Advisors, LLC

Data Provided by:
Bank of America - Salina Main
(785) 825-7221
138 N. Santa Fe
Salina, KS
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday 9-12
Sunday Closed
Drive Up Hours
Monday 7:30-5:30
Tuesday 7:30-5:30
Wednesday 7:30-5:30
Thursday 7:30-5:30
Friday 7:30-5:30
Saturday Closed
Sunday Closed

Bank of America - Lindsborg N Motor
(785) 227-3344
118 N. Main
Lindsborg, KS
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Indoor ATM Services: Open 24 Hours, Braille, Accepts Deposits
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday Closed
Sunday Closed
Drive Up Hours
Monday 8:30-4:30
Tuesday 8:30-4:30
Wednesday 8:30-4:30
Thursday 8:30-4:30
Friday 8:30-5
Saturday Closed
Sunday Closed

Matthew Davis
Davis Financial Management, Inc.
(913) 890-7279
4901 W. 136th Street
Leawood, KS
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Tax Planning, Planning Issues for Business Owners, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

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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