Retirement Planning Stockton 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.

Christopher Weed
Christopher H. Weed, CPA, Inc.
(209) 957-5025
1313 W. Robinhood Drive, Suite A2
Stockton, CA
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Middle Income Client Needs, Charitable Giving - Trusts & Foundations, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS, MBA

Mr. Christopher Henry Weed, CFP®
(209) 957-5025
1313 W Robinhood Drive
Stockton, CA
Firm
Christopher H Weed CPA Inc
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Small Business Planning, Tax Planning, Wealth Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Lindsey T. Randolph, CFP®
(209) 474-3465
1776 W March Ln Ste 310
Stockton, CA
Firm
Valley Financial Services
Areas of Specialization
Asset Allocation, Insurance Planning, Investment Management, Investment Planning, Life Transitions, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. James L. Wise, CFP®
(209) 951-4112
941 Willora Rd Ste C
Stockton, CA
Areas of Specialization
Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Profession: Not Applicable

Data Provided by:
Mr. Stephen C. Levy, CFP®
(209) 483-5959
PO Box 690903
Stockton, CA
Firm
Royal Alliance Associates

Data Provided by:
Mr. Lee R. Robinson, CFP®
(209) 472-3727
5250 Claremont Ave
Stockton, CA
Firm
Lee R. Robinson & Associates

Data Provided by:
Mr. Douglas J. Hanes, CFP®
(209) 951-4301
4617 quail lakes
Stockton, CA
Firm
Hanes financial services

Data Provided by:
Mr. Gary L. Twing, CFP®
(209) 476-8383
1776 W March Ln Ste 310
Stockton, CA
Firm
Cetera Advisors Network
Areas of Specialization
Charitable Giving, Estate Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Donald H. Boardman, CFP®
(209) 476-8383
1776 W March Ln Ste 310
Stockton, CA
Firm
Financial Network Investment C

Data Provided by:
Mr. William T. Kendall, CFP®
(209) 954-7435
3203 W March Ln
Stockton, CA
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Employee and Employer Plan Benefits, General Financial Planning, Long-Term Care, Securities
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

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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