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Atlanta Retirement Planning

Atlanta retirement planning, for a good percentage of the population, involves creating a Georgia retirement plan with a spouse. Of course, Atlanta retirement planning with your spouse may be somewhat difficult if you don't agree on financial issues. It's important that you work out your money quibbles and make your Atlanta retirement planning a joint priority.

If you're self-employed in Atlanta, saving for your later years will be somewhat different than if you have a standard day job. If you have a regular day job, you can simply put your money into a 401(k), and add a Roth IRA or a traditional IRA if you please. If you're self-employed in Atlanta, Georgia, you need to do some more complex research.

Retirement Planning as a Couple

A lot of couples fight about money. In fact, some say it is the most common thing that couples fight about. Why? Well, money involves a number of other, more subtle dynamics. Money is about power, safety, happiness, and a lot of other things that people don't always like to admit. If you plan to retire in Atlanta, GA, with your spouse, you'd better sort out those money concerns first.

So, when you're ready to begin your Atlanta retirement planning, sit down with your spouse and consider your long-term financial goals together. The day-to-day decisions need to be in line with your long-term plan. So, if you're hoping to start planning your retirement fund, and putting money into the appropriate savings account, you and your spouse need to discuss this decision.

If you have a big picture perspective that includes your Atlanta retirement planning, you need to keep it in mind when you make daily purchases (and bigger ones, too!). Is it more important to move into a fancier Atlanta, GA home, or to save that money for your later years? If you're planning your finances with the big picture in mind, saving will be easier.

You and your spouse need to figure out an appropriate way to manage your finances. For some, that may mean having separate bank accounts with only some shared goals, such as Atlanta retirement planning. For others, that may mean that you need to be completely open with every financial detail of your life. It just depends on what you want.

It also helps to sort out what money means to you. Does it make you afraid? Does it represent love, happiness, or security? If you haven't yet, sit down with your spouse and talk about what money means to you. It will help you understand one another more clearly, and it will make your Atlanta retirement planning much easier.

You will also, obviously, want to start planning the details of your Georgia retirement at some point. Would you like to maintain your current lifestyle? Are you planning to travel as much as possible? Talk to your spouse about your golden years, and make sure you're on the same track.

If you're having a tough time discussing money or planning your retirement, you may want to meet with an Atlanta financial advisor or counselor. Or, you may want to make an appointment with an Atlanta retirement planning expert to help you get your goals on track. If you want to retire with your spouse, it's important that you work out an agreement for your current spending habits.

Self-Employed: How to Save for Retirement

If you're self-employed in Atlanta, Georgia, you can set up a simple IRA, Roth IRA, a SEP IRA or a Solo 401(k). Why? Tax savings. All of the accounts just listed will allow you to save your taxes in some way or another. Each account has different contribution limits and so forth, so it's important to do your research before choosing an account.

SEP IRAs are specifically designed for small businesses or self-employed persons. Like traditional IRAs, SEP IRAs offer an upfront deduction. In other words, you don't have to pay taxes on the income you put into your account upfront. However, when you withdraw the money, you will pay taxes.

Unlike a traditional IRA, a Roth IRA doesn't offer any upfront deductions. Instead, you pay taxes on the income you contribute, but not the income that you withdraw. So, if you expect to be in a higher tax bracket when you stop working, you may want to consider a Roth IRA. It's also easier to estimate your future savings with a Roth IRA, since you don't have to calculate the tax bite.

You may want to meet with an Atlanta retirement planning expert to discuss your savings plan. A financial advisor can consider your contribution potential, and then suggest an account with the appropriate limits. Also, each account offers different investment options, and a financial expert can help clarify the investment details and opportunities.

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Retirement Planners In Atlanta

Widmark Cano
Widmark Cano
3355 Lenox Rd, Suite 950
Atlanta, GA 30326

Andrew Hanna
Andrew Hanna
3475 Lenox Rd NE
Suite 600
Atlanta, GA 30326

Alan McKnight
Alan McKnight
200 Galleria Parkway SE, Suite 1150
Atlanta, GA 30339

Bruce Alden
Bruce Alden
3051 Akers Mill Rd
Suite 110
Atlanta, GA 30339

Kevin Garrett, AWMA, CFS
Kevin Garrett, AWMA, CFS
200 Ashford Center North
Suite 400
Atlanta, GA 30338

Cory Archibald
Cory Archibald
100 Hartsfield Centre Parkway
Suite 500
Atlanta, GA 30354

Sam Evans MBA, CFA
Sam Evans MBA, CFA
6340 Sugarloaf Parkway
Suite 200
Duluth, GA 30097

Bruce Alden
Bruce Alden
869 North Main St.
Suite 202
Alpharetta, GA 30004

Rose Niang
Rose Niang
1680 Mall of Georgia Boulevard
Suite 1735
Buford, GA 30519

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