Dependable Retirement Planning Advisors

Arizona Retirement Planning

Arizona retirement planning is a must for those within the working class hoping to retire in a reasonable amount of time. And believe it or not, as scary as it sounds, income planning for your future is not that difficult. You can save a comfortable amount of money so that you can live off of it when the time comes. For some in AZ, they do reach their 40s and their 50s and they start to worry about how much money they have in their Arizona retirement accounts.

The good news is that you don't have to worry. Although it is ideal for you to begin your Arizona retirement planning as soon as possible, you can begin the financial planning process at any time. There are some individuals who simply do not realize the need to start early, which is not their fault. Then there are those who enter the work world later due to a circumstance that changes their life, so they start later than others.

Tips to Retirement Planning

There are some steps that you can take to make sure your Arizona retirement planning is a sound process. First of all, know that when you begin entertaining the idea of personal planning for your future, you are just getting started. However, you are making a great move for yourself. You are going to make a lot of best guesses, but you are going to overcompensate for those guesses because you have no idea when you are going to retire, exactly where, what the rate of inflation is going to be exactly, and what your financial situation is going to be.

The good news, though, is that those who have exercised good Arizona retirement planning strategies have found great success and have lived comfortably for the remainder of their lives. You will take a lot of educated guesses in your Arizona early retirement planning. But as you near the age in which you will retire, you will find that you can refine your plan even more. As for the age, take your best guess. The U.S. Census states, however, that the age of 62 is the average age in which people in Arizona and throughout the United States retire, but there are still many who manage to leave the workplace before this.

In your Arizona retirement planning, you will want to use your current income as your starting point. Consider that you will most likely receive raises, but also take into account that inflation is going to occur and that health insurance costs may increase. You will also need to look at the current market value of your retirement accounts. You may be able to find this on the broker's website or on your quarterly statement.

Another step is having a good savings plan. You may find that as time goes on you are going to have to increase your savings rate in order to meet your Arizona retirement planning goals. So if you are saving 5% now, you may need to increase this to 10%. If you are contributing 10% now, then you are going to want to increase that to 15% or more. You can increase it to what truly works for you so that you can have the money that you need to live on for as long as you need to live on it. How long you live is another factor because you don't know how long that is going to be.

Tax Advantaged Accounts

You are going to want to take advantage of tax advantaged accounts during your Arizona retirement planning. These are accounts such as the 401K plan that your employer offers you. You can make pre-tax contributions and only pay on your distributions. If you choose a Roth 401K or a Roth IRA in AZ, then you are going to pay on your contributions and not your distributions. You can choose the option that is best for you so that you can have the income you need now or in the future.

After you have your Arizona retirement plan working, you will want to review your plan on an annual basis. There are those in Arizona who forget to evaluate. You may want the help of an Arizona retirement planner to help you in your planning. They can give you advice and help review your plan with you to make the necessary adjustments with your changing circumstances. Arizona retirement planning is an ongoing process.

So make the most of your Arizona retirement planning so that you can make the most of your future. It is very important so that you can relax after you have made your contribution to the work world. You shouldn't have to work for the rest of your life just because you didn't save the money to retire.

What do you need help with?
Which advisory services are you looking for?
Retirement Planning Portfolio Management
Estate Planning Education Planning
401K Rollover  
What is the approximate value of your portfolio?
First Name Last Name
Email Zip Code
Primary phone
Details or comments  (highly suggested)

Find an Advisor

Please wait...

Retirement Planners In Arizona

Martin T. Cole CFP, MSFS, ChFC, CLU, AAMS
Martin T. Cole CFP, MSFS, ChFC, CLU, AAMS
14301 N 87th St
Suite 307
Scottsdale, AZ 85260

Brent Carman
Brent Carman
17015 North Scottsdale rd
Suite 250
Scottsdale, AZ 85255

Jeffrey Wilcock, RFC
Jeffrey Wilcock, RFC
2141 E. Broadway Rd.
Suite 220
Tempe, AZ 85282

Mark Silverman, CFP
Mark Silverman, CFP
333 N. Wilmot Rd.
Suite 340
Tucson, AZ 85711

Eric Mattingly, CFP, MBA
Eric Mattingly, CFP, MBA
3573 E Sunrise Dr
Suite 115
Tucson, AZ 85718

Michael Treiberg CFP
Michael Treiberg CFP
3573 E Sunrise Drive, Suite 115
Tucson, AZ 85718

David Rosenthal, CFP
David Rosenthal, CFP
8550 E Shea Blvd #130
Scottsdale, AZ 85260

Joe Vazquez
Joe Vazquez
8550 E Shea Blvd
Ste #130
Scottsdale, AZ 85260

Adam Harding CFP
Adam Harding CFP
7135 E Camelback Rd
Scottsdale, AZ 85257

Derek M. Wolff, CFP(R)
Derek M. Wolff, CFP(R)
16427 N Scottsdale Road Suite 410
Scottsdale, AZ 85254

Sean Harris
Sean Harris
1643 E. Bethany Home Rd.
Phoenix, AZ 85016

Scott Galbraith
Scott Galbraith
5285 W. Vengeance Tr.
Prescott, AZ 86305

© 2017   Retirement Planning   All Rights Reserved. All other trademarks and copyrights are the property of their respective holders.
This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.