Retirement Planning Springdale AR

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.

Mr. Chad Chance, CFP®
(479) 872-9998
4700 S Thompson St Ste B101
Springdale, AR
Firm
The Point Financial Group
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Business Executives

Data Provided by:
Mr. Jeffrey T. Huff, CFP®
(479) 713-0420
7058 W Sunset Ave Ste 8
Springdale, AR
Firm
Lighthouse Insurance & Financial Group, Inc.

Data Provided by:
Mr. Bert B. Cupit, CFP®
(479) 966-4884
1505 Carley Rd Ste D
Springdale, AR
Firm
Cupit Financial, LLC
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Ms. Janis E. Hayes, CFP®
(479) 571-6234
438 Millsap Road
Fayetteville, AR
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Michael Eric Sales, CFP®
(479) 571-6203
438 E Millsap Rd Ste 100
Fayetteville, AR
Firm
Morgan Stanley
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Marty Dennis, CFP®
4700 S Thompson St Ste B101
Springdale, AR
Firm
The Point Financial Group / LPL

Data Provided by:
Mr. Benjamin S. Shaddox, CFP®
(479) 695-1670
4100 Corporate Center Drive
Springdale, AR
Firm
National Financial Partners/ L

Data Provided by:
Mr. William Thomas Hustead, CFP®
(479) 756-0600
6815 Isaac's Orchard Road
Springdale, AR
Firm
Wells Fargo Advisors, LLC
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Christopher W. Brune, CFP®
P.O. Box 9658
Fayetteville, AR
Firm
Cornerstone Financial Consulti

Data Provided by:
Ms. Barbara J Still, CFP®
(479) 575-1138
PO Box 1327
Fayetteville, AR
Firm
Arvest Asset Managment

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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