Retirement Planning San Bernardino 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. Greg Fields, CFP®
(909) 886-8678
3147 Sepulveda Ave
San Bernardino, CA
Firm
Tax and Bookkeeping Solutions
Areas of Specialization
Tax Planning, Tax Preparation

Data Provided by:
Douglas Paul Stephenson, CFP®
(909) 824-1623
645 N. La Cadena Dr
Colton, CA
Firm
Stephenson Accountancy Corpora
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Education Planning, General Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Patrick D. Reaume, CFP®
(909) 747-0280
1235 Indiana Ct
Redlands, CA
Firm
Reaume Employee Benefit Soluti

Data Provided by:
Mr. Joshua R Lindsey, CFP®
(909) 335-6800
1980 Orange Tree Ln
Redlands, CA
Firm
Lindsey Financial, Inc.

Data Provided by:
Mrs. Ichen Le, CFP®
(909) 804-3943
1565 E Highland Ave
San Bernardino, CA
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Comprehensive Financial Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mrs. Tami Jo Simpson, CFP®
325 W Hospitality Ln Ste 106
San Bernardino, CA
Firm
Wealth Financial Group West, Inc.

Data Provided by:
Mr. Lon Leblanc, CFP®
(909) 292-6119
11171 Oakwood Dr Apt G101
Loma Linda, CA
Firm
KB Wealth Planning Group
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, General Financial Planning, Insurance 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:
Mr. Robert R. Heinze, CFP®
(909) 307-8478
1901 Orange Tree Lane
Redlands, CA
Firm
Stifel Nicolaus
Areas of Specialization
Charitable Giving, Education Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Robert A. Fredericks, CFP®
(909) 792-1070
1200 Nevada St
Redlands, CA
Firm
Fredericks Benefits

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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