Dependable Retirement Planning Advisors

Anaheim Retirement Planning

Anaheim retirement planning may involve some frictional expenses. If you can minimize these expenses you'll save a lot of money! Fees to watch out for include brokerage commissions and asset management fees. If you're going to have to pay such fees, you'd better make sure they're justified!

You may want to consider various California retirement accounts for your savings. Retirement accounts will allow you to let your money grow tax free. They also offer various investment options. You will most likely want to consider these accounts early on in your Anaheim retirement planning. The sooner you begin, the better!

Hidden Fees for Retirees

If you have stocks, and a broker in Anaheim, CA manages them, you'd better find out about their fee structure. Over the longterm these fees really add up. If you invested that money instead of giving it to your broker, you'd save a lot! It may be necessary to have a brokerage account take care of your stocks, but if it's not, invest the money instead!

You may need to pay for some assistance during your Anaheim retirement planning. Actually, that's pretty likely. You may need help with estate planning, for example. Also, if you want to set up a trust, you'll need the help of an Anaheim, CA professional. Still, when you hire someone to help you with wealth management or planning, make sure the fees and services are justified.

A certain percentage of your principal will go to your bank when you buy or sell an investment. This is called a reallocation. The reallocation is related to the spread. The spread is the difference between the ask price and the bid price. That's the gap between the buyer and seller, and it will cost you.

You should also be cautious about mutual funds. While mutual funds are safe and may be a component of your Anaheim retirement planning, you should consider the costs. Mutual funds tend to have very high sales loads as well as high management fees. Therefore, they don't often outperform index funds.

Another frictional expense that can be a real problem is capital gains tax. You'll pay this tax when you gain income. As a general rule, you shouldn't buy or sell unless the transaction will provide you with significant income. If you're at a later stage of your Anaheim retirement planning, you will need to start liquidating your assets and the capital gains tax will need to be considered.

Obviously, you'll need to take your taxes into account during your Anaheim retirement planning. You will pay taxes, of course, on your dividends and all income. Be sure you take this into consideration when you're planning your retirement savings and withdrawal. Taxes can significantly deplete your savings.

California Retirement Accounts

Planning your retirement is made easier when you open a 401(k) or an IRA. It allows your money to grow tax free, which helps you save quickly. If your Anaheim, CA employer offers a matching 401(k), here's a word of advice: take advantage of it! A matching 401(k) means that your Anaheim employer will match your contributions, which is basically like getting free money!

No one should ever turn down free money, so a matching 401(k) is a great option. It will also make planning your savings easy, since you can automatically add money to it from your paycheck. Rather than carefully planning to put aside money, your Anaheim employer can add it directly. So, this makes your Anaheim retirement planning easier!

If you're self-employed or your Anaheim employer doesn't offer a matching 401(k), an IRA is also a good option. Actually, you may want to have both an IRA and a 401(k) if you are able to put aside a significant amount of income. Both of these accounts all you to invest your money and let it grow tax free.

Another kind of retirement account you might want to consider is a Roth IRA. When you put money into a 401(k) or an IRA, taxes are deferred. However, when you're ready to enjoy your golden years in California and you withdraw the money, you have to pay taxes. A Roth IRA is the opposite. So, you pay taxes when you put the money in, but not when you take it out. If you plan on being in a higher tax bracket by the time you retire, you might want to consider a Roth IRA.

When you are considering various investments, Roth IRAs, IRAs and 401(k)s, you may want to consider meeting with a local professional. As noted earlier, your don't want to pay extra fees during your Anaheim retirement planning. However, you may find that it's useful to hire an Anaheim retirement planning expert to help you get started, and carefully plan your investments for your later years.

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Retirement Planners In Anaheim

Brad Maurer
Brad Maurer
2400 E Katella Ave
Suite 800
Anaheim, CA 92806

Matthew Pixa
Matthew Pixa
3020 Old Ranch Parkway
Suite 300
Seal Beach, CA 90740

Rick Donnelly
Rick Donnelly
2040 Main Street
Suite 705
Irvine, CA 92614

Cheri  Franklin, CFP, AIF, CRPC
Cheri Franklin, CFP, AIF, CRPC
100 Spectrum Center Drive
Suite 900
Irvine, CA 92618

Simon Reeves
Simon Reeves
30 Enterprise, Suite #190
Aliso Viejo, CA 92656

Mark Higginbotham
Mark Higginbotham
21515 Hawthorne Blvd
Suite 580
Torrance, CA 90503

Zain Griffith
Zain Griffith
9701 Wilshire Blvd
Suite 1000
Beverly Hills, CA 90212

Paul Taghibagi, CFP
Paul Taghibagi, CFP
2121 Avenue of the Stars
Suite 1600
Los Angeles, CA 90067

Theodore E.  Saade CFP®, AIF®, CMFC
Theodore E. Saade CFP®, AIF®, CMFC
2121 Avenue of the Stars
Suite 1600
Los Angeles, CA 90067

Bill Knoke
Bill Knoke
635 Camino de los Mares, #208
San Clemente, CA 92673

Anthony Masterson
Anthony Masterson
12100 Wilsure Blvd.
8th Floor
Los Angeles, CA 90025

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