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Retirement Planning Tampa FL

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.

David Frisch
Frisch Financial Group, Inc.
(813) 639-7580
2202 N. West Shore Blvd. – Suite 200
Tampa, FL
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Tax Planning, Retirement Plan Investment Advice, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Michael Koenig
FirsTrust, LLC
(813) 874-7200
3111 West M. L. King, Jr. Blvd., Suite 100
Tampa, FL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Estate & Generational Planning Issues, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, CFP®

Elayne Pisarik
FirsTrust, LLC
(813) 874-7200
3111 West M. L. King, Jr. Blvd., Suite 100
Tampa, FL
Expertises
Ongoing Investment Management, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, CLU

Maria Erickson
Freedom Financial & Business Planning, LLC
(727) 527-0565
2202 N. Westshore Blvd.
Tampa, FL
Expertises
Hourly Financial Planning Services, Retirement Planning & Distribution Rules, Advising Entrepreneurs, Women's Financial Planning Issues, Retirement Plan Investment Advice, Planning Issues for Unmarried & Same-Sex Couples
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Julie Lawrence
Lawrence Financial Planning, LLC
(813) 961-4930
5308 Van Dyke Road
Lutz, FL
Expertises
Planning Concerns for Corporate Executives, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Middle Income Client Needs, Women's Financial Planning Issues, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BA, CFP®

David Nestrick
FirsTrust, LLC
(813) 874-7200
3111 West M. L. King, Jr. Blvd., Suite 100
Tampa, FL
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Socially Responsible Investments, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Christopher Cannon
FirsTrust, LLC
(813) 874-7200
3111 West M. L. King, Jr. Blvd., Suite 100
Tampa, FL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA

Daniel Brownsberger
FirsTrust, LLC
(813) 874-7200
3111 West M. L. King, Jr. Blvd., Suite 100
Tampa, FL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Financial Issues Between Generations, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CIMA

Holly Thomas
Holly P. Thomas, LLC
(813) 781-8040
1901 West Cass Street
Tampa, FL
Expertises
Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Advising Employee Benefit Plan Participants, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, AAMS, CFP®, MBA, MS

Steven Bove
Lebrigh Life Planners, LLC
(813) 891-9599
804 Charles Blvd.
Oldsmar, FL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, High Net Worth Client Needs, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MSFS

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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