Retirement Planning Toms River NJ

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.

Jerry Boisseau
Amherst Financial Services
(732) 349-3377
81 E. Water Street Suite 2A
Toms River, NJ
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Retirement Plan Investment Advice, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, M.Ed., MBA

Jennifer Murray
Stonebridge Financial Advisors, LLC
(973) 605-1100
2150 Route 35 Suite 250
Sea Girt, NJ
Expertises
Women's Financial Planning Issues, Divorce Planning, Retirement Planning & Distribution Rules, Ongoing Investment Management, Investment Advice without Ongoing Management, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Andre J. Doucette, CFP®
(732) 505-4705
1433 Hooper Avenue
Toms River, NJ
Firm
Morgan Stanley
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Estate Planning, General Financial Planning, Investment Planning, Life Transitions
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Erin Zawisza, CFP®
(732) 286-3123
1415 Hooper Ave
Toms River, NJ
Firm
Merrill Lynch
Areas of Specialization
Comprehensive Financial Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Mark J. Angelo, CFP®
(732) 286-6200
616 Washington St
Toms River, NJ
Firm
Mark J. Angelo Financial Servi

Data Provided by:
Jorie Johnson
Financial Futures LLC
(732) 722-7289
2520 State Route 35, Suite 305
Manasquan, NJ
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, College/Education Planning, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Dennis O'Brien
Coastal Financial Advisors, Inc.
(732) 683-2330
P.O. Box 529
Farmingdale, NJ
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Cash Flow/Budgets/Credit Issues, Retirement Plan Investment Advice, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, MS

Mr. Michael J. Soriero, CFP®
(732) 736-9611
1204 Indian Hill Rd
Toms River, NJ

Data Provided by:
Mrs. Christine Lemond, CFP®
(732) 349-3377
81 E Water St Ste 2A
Toms River, NJ
Firm
Amherst Financial Services, In
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Robert J. Richards Jr., CFP®
(855) 949-7862
1108 Hooper Ave Ste 1
Toms River, NJ
Firm
Puma Richards Financial & Tax Services
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Elder Care, Estate Planning, General Financial Planning, Intergenerational Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

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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