Retirement Planning San Diego 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.

Peggy Eddy
Creative Capital Management, Inc.
(619) 298-3993
8880 Rio San Diego Drive, Suite 1150
San Diego, CA
Expertises
Advising Entrepreneurs, Financial Issues Between Generations, Planning Issues for Business Owners, Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Matthew Showley
Creative Capital Management, Inc.
(619) 298-3993
8880 Rio San Diego Drive, Suite 1150
San Diego, CA
Expertises
Planning Issues for Business Owners, Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Cash Flow/Budgets/Credit Issues, Newlyweds & Novice Investors
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

A.J. Frank
A.J. Frank, CFP
(619) 497-0244
3935 Harney Street, Suite 202
San Diego, CA
Expertises
Cash Flow/Budgets/Credit Issues, Middle Income Client Needs, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Charles Stanley
Trovena LLC
(800) 620-4232
3655 Nobel Drive, Suite 340
San Diego, CA
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Charitable Giving - Trusts & Foundations, Retirement Planning & Distribution Rules, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, ChFc

James Freeman
Financial Alternatives, Inc.
(858) 459-8289
7734 Herschel Avenue, Suite M
La Jolla, CA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Alternative or Private Investments, Real Estate Investments, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, BA, CFP®

Stephen Doster
Doster Financial Planning
(619) 688-1192
7676 Hazard Center Dr, Suite 500
San Diego, CA
Expertises
Hourly Financial Planning Services, Middle Income Client Needs, Planning Issues for Unmarried & Same-Sex Couples, Investment Advice without Ongoing Management, Helping Clients Identify & Achieve Goals, Real Estate Investments
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Robert Eddy
Creative Capital Management, Inc.
(619) 298-3993
8880 Rio San Diego Drive, Suite 1150
San Diego, CA
Expertises
Planning Issues for Business Owners, Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Cash Flow/Budgets/Credit Issues, Newlyweds & Novice Investors
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Theodore Roman
Roman Financial Advisors
(619) 669-1111
2245 San Diego Avenue, Suite 221
San Diego, CA
Expertises
Real Estate Investments, Retirement Planning & Distribution Rules, Tax Planning, Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, EA

Christopher Jaccard
Financial Alternatives, Inc.
(858) 459-8289
7734 Herschel Avenue, Suite M
La Jolla, CA
Expertises
High Net Worth Client Needs, Helping Clients Identify & Achieve Goals, Alternative or Private Investments, Retirement Planning & Distribution Rules, Insurance Related Issues, including Annuities, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFA, CFP®

Terrance Green
Blue Water Capital Management, LLC
(858) 552-1488
5755 Oberlin Drive
San Diego, CA
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Ongoing Investment Management, Middle Income Client Needs, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

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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