Retirement Planning Temecula 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.

Karin McKerahan
McKerahan Financial Services
(909) 754-0228
43537 Ridge Park Drive
Temecula, CA
Expertises
Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MBA

Ms. Kimberly M. Surber, CFP®
(951) 926-1002
PO Box 893910
Temecula, CA
Firm
Encore Financial Consulting
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Retirement Income Management, Retirement Planning, Social Security Planning, Women's Finances
Key Considerations
Profession: Self-Employed Business Owners

Data Provided by:
Mr. Stephen T. Peppler, CFP®
(951) 699-9024
42145 LYNDIE LANE
Temecula, CA
Firm
National Planning Corp
Areas of Specialization
Asset Allocation, Investment Planning, Retirement Income Management, Retirement Planning, Tax Preparation
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Mr. William R. Locklin, CFP®
(951) 676-2010
42145 Lyndie Ln
Temecula, CA
Firm
Bill Locklin

Data Provided by:
Jeffry S. Cole, CFP®
(951) 308-6444
40395 Winchester Rd
Temecula, CA
Firm
TeamTax

Data Provided by:
Scott Dauenhauer
Meridian Wealth Management
(949) 916-6238
38162 Sherwood Street
Murrieta, CA
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Advising Employee Benefit Plan Participants, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, MSFP

Mr. Leonard P. Cole, CFP®
(951) 695-1998
30650 Rancho California Rd
Temecula, CA
Firm
Leonard P. Cole Financial & Insurance Services
Areas of Specialization
Budget Development

Data Provided by:
Robert A. Leanza (RFC®), CFP
(951) 699-2473
40164 Stowe Road
Temecula, CA
Company
Financial Dynamics, LLC
Qualifications
Education: B.S. Business Administration-Finance/Investments. Summa cum Laude.
Years of Experience: 30
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Robert B. Babcock, CFP®
(951) 695-6614
27450 Ynez Rd Ste 200
Temecula, CA
Firm
Merrill Lynch Bank & Trust Co., Fsb
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Life Planning, Retirement Planning, Special Needs Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Robert A. Leanza, CFP®
(951) 699-2473
40164 Stowe Road
Temecula, CA
Firm
Financial Dynamics, LLC
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

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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