Retirement Planning Ventura 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.

Josette Hewitt
Al Hewitt Inc
(877) 254-9348
400 Camarillo Ranch Road
Camarillo, CA
Expertises
Women's Financial Planning Issues, Advising Medical Professionals, Tax Planning, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AAMS, ABA, ATA, ATP, CFP®, EA

Mr. Richard A. Walton, CFP®
(805) 477-0732
6633 Telephone Rd Ste 122
Ventura, CA
Firm
Law Offices of Richard Albert
Areas of Specialization
Accounting, Estate Planning, Legal Advice, Tax Planning, Tax Preparation

Data Provided by:
Mr. Frank C. Crowley, CFP®
(805) 644-0128
2060 Knoll Dr Ste 101
Ventura, CA
Firm
Horizons Wealth Management

Data Provided by:
Mr. Richard S. Jeffery, CFP®
(805) 644-1224
290 Maple Ct Ste 118
Ventura, CA
Firm
Financial Network Invest Corp
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, General Financial Planning, Investment Management, Investment Planning, Men's Finances, Planning for Couples

Data Provided by:
Mr. Kent L. Brown, CFP®
(805) 644-5800
5550 Telegraph Rd.
Ventura, CA
Firm
Brown Financial Services
Areas of Specialization
General Financial Planning, Retirement Income Management, Retirement Planning, Sudden Wealth Management, Tax Planning, Tax Preparation, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Alan E. Hewitt
Al Hewitt Inc
(877) 254-9348
400 Camarillo Ranch Road
Camarillo, CA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Tax Planning, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, AAMS, ATA, ATP, CFP®, EA, AWMA

Mr. Leon R. Rousso, CFP®
(805) 676-1110
3585 Maple St
Ventura, CA
Firm
Leon Rousso & Associates
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Healthcare Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Michael Thomas Gardia, CFP®
(805) 642-7365
2075 S Victoria Ave
Ventura, CA
Firm
Chase Investment Services
Areas of Specialization
Asset Allocation, Banking, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mrs. Cynthia Ann Lebus, CFP®
(805) 639-0446
1316 Raven Ave
Ventura, CA
Firm
Vanderbilt Securities LLC
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Profession: Business Executives

Data Provided by:
Mr. Stephen H. Wagner, CFP®
(805) 339-0760
1001 Partridge Dr
Ventura, CA
Firm
Wagner Financial Group

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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