Retirement Planning San Antonio TX

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.

Stephen Jones
Stephen T. Jones Financial Services
(210) 804-2255
2632 Broadway, Suite 103 South
San Antonio, TX
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Newlyweds & Novice Investors, Advising Employee Benefit Plan Participants, Retirement Plan Investment Advice, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

John Eaton
Summit Wealth Management, Inc.
(210) 349-8517
14100 San Pedro, Ste 210
San Antonio, TX
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Investment Advice without Ongoing Management, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CRPS

Mr. Jesse W. Cogley Iii, CFP®
(210) 785-3411
745 E Mulberry Ave Ste 210
San Antonio, TX
Firm
Raymond James and Associates
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Frederic W. Offutt, CFP®
(210) 735-0653
6243 W Interstate 10 Ste 250
San Antonio, TX
Firm
First Command Financial Planni

Data Provided by:
James S Sanders, CFP®
(210) 277-4400
755 E Mulberry Ave Ste 300
San Antonio, TX
Firm
Morgan Stanley Smith Barney, LLC
Areas of Specialization
Asset Allocation, Education Planning, Employee and Employer Plan Benefits, Investment Management, Retirement Income Management, Social Security Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided by:
Don Pace
Netting & Pace, CPA's
(210) 738-3888
7373 Broadway Street, Suite 400
San Antonio, TX
Expertises
Ongoing Investment Management, Divorce Planning, Estate & Generational Planning Issues, Financial Issues Between Generations, Tax Planning, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, CPA/PFS, MPA

Ms. Dian B. Sherrod, CFP®
(210) 824-1175
207 E. Hermosa
San Antonio, TX

Data Provided by:
Mr. Stephen Charles Scott, CFP®
755 E Mulberry Ave Ste 300
San Antonio, TX
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Education Planning, Estate Planning, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: Not Applicable



Data Provided by:
Mr. Wilfred R. Morris Jr., CFP®
(210) 735-0653
6243 W Interstate 10 Ste 250
San Antonio, TX
Firm
First Command Financial Planning
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Education Planning, Men's Finances, Retirement Planning, Women's Finances
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Service Professionals

Data Provided by:
Mr. Eric J. Lee, CFP®
(210) 856-5151
750 E Mulberry Ave
San Antonio, TX
Firm
Wells Fargo Wealth Management

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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