Retirement Planning Santa Clarita 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.

Josette Hewitt
Al Hewitt Inc
(877) 254-9348
1120 West Ave M-4
Palmdale, CA
Expertises
Women's Financial Planning Issues, Advising Medical Professionals, Tax Planning, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AAMS, ABA, ATA, ATP, CFP®, EA

Peter James Waschak, CFP®
(661) 645-8362
27550 Alta Knoll Dr
Santa Clarita, CA
Firm
Peter Waschak Financial Services
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Mark D. Hineman, CFP®
(661) 290-2016
24300 Town Center Dr Ste 200
Valencia, CA
Firm
Morgan Stanley Wealth Management

Data Provided by:
Ira L. Gottshall (RFC®), CHFC, CLU
(661) 295-4660
28005 N Smyth #103
Valencia, CA
Company
Foresters Financial Partners, Inc.
Qualifications
Education: BS
Years of Experience: 30
Membership
IARFC, SFSP
Services
Invoice, Estate Planning, Retirement Planning, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, BuySell

Data Provided by:
Mr. Michael L. Mainland, CFP®
(661) 254-2178
25852 McBean Pkwy Ste 616
Valencia, CA
Firm
Mainland Financial Services LL

Data Provided by:
Alan E. Hewitt
Al Hewitt Inc
(877) 254-9348
1120 West Ave M-4
Palmdale, CA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Tax Planning, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, AAMS, ATA, ATP, CFP®, EA, AWMA

Mr. Robert Sam Piscitello, CFP®
(661) 222-2540
25370 Diamond Pl.
Santa Clarita, CA
Firm
RBP Financial Services

Data Provided by:
Mr. Leon Francis Smith, CFP®
(661) 255-8552
25752 Sarape Ct
Valencia, CA
Firm
LEON F. SMITH

Data Provided by:
Mr. R. Christopher Verbeck, CFP®
(661) 259-5559
25152 Springfield Court
Valencia, CA
Firm
Wealth Planning Group, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Investment Management, Retirement Planning, Risk Management, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000



Data Provided by:
Mr. Clark B. Jolley, CFP®
(661) 259-2344
25419 Altos Dr
Valencia, CA
Firm
Lpl Financial Corporation
Areas of Specialization
Divorce Issues, Estate Planning, Investment Management, LGBT Individuals and Couples, 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....

Click here to read the rest of this article at Zacks.com