Retirement Planning Santa Rosa 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.

Michael Randolph
Randolph Managed Investments
(707) 573-1357
50 Old Court House Square, Suite 303
Santa Rosa, CA
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, MS

Spencer Sherman
Abacus Wealth Partners, LLC
(707) 829-6190
7182 Healdsburg Avenue
Sebastopol, CA
Expertises
Charitable Giving - Trusts & Foundations, Estate & Generational Planning Issues, Financial Issues Between Generations, Ongoing Investment Management, Planning Issues for Business Owners, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Michael Gorman
Wiiken & Gorman LLC
(707) 769-0200
775 Baywood Drive, Suite 306
Petaluma, CA
Expertises
Ongoing Investment Management, Real Estate Investments, Retirement Planning & Distribution Rules, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, BA, CFP®

Alice King
Wine Country Wealth Management, LLC
(707) 933-1549
809 Broadway
Sonoma, CA
Expertises
Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Planning Issues for Business Owners, Ongoing Investment Management, College/Education Planning, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

Mr. Walter F. Dillaway, CFP®
(707) 539-1031
109 Massimo Cir
Santa Rosa, CA
Firm
New England Securities

Data Provided by:
Heather Cleland
Willow Creek Financial Services, Inc.
(707) 829-1146
825 Gravenstein Highway North, Suite 5
Sebastopol, CA
Expertises
Cash Flow/Budgets/Credit Issues, Women's Financial Planning Issues, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Ongoing Investment Management, Planning Issues for Unmarried & Same-Sex Couples
Certifications
NAPFA Registered Financial Advisor, CFP®

Tina Anders
Anders Financial Planning
(707) 765-9025
7 Fourth Street, Suite 66
Petaluma, CA
Expertises
Ongoing Investment Management, Socially Responsible Investments, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Paula Wiiken
Wiiken & Gorman LLC
(707) 769-0200
775 Baywood Drive, Suite 306
Petaluma, CA
Expertises
Socially Responsible Investments, Women's Financial Planning Issues, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, JD, MA

Mr. Matthew Mark Davis, CFP®
(707) 575-6324
90 S E St
Santa Rosa, CA
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Investment Planning, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Benjamin R. Stewart, CFP®
(707) 575-6362
90 S E St
Santa Rosa, CA
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

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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