Dependable Retirement Planning Advisors

Palo Alto Retirement Planning

Palo Alto retirement planning is seldom a priority for young adults. If you are a person in your twenties and just starting out your Palo Alto career, chances are you haven't given much thought to California retirement planning. However, this is actually a really good time to start saving. Planning ahead will be very beneficial to you when your CA retirement rolls around.

Plan Ahead for Success

The first reason you should begin to plan now instead of putting it off has to do with setting yourself up to succeed. With everything in life, the more you prepare, the better you are. This is also true for Palo Alto retirement planning. Simply put, this involves saving money and investing it in the hopes of making it grow so you have the funds you need to live off of when you retire.

So, also simply put the earlier you start saving, the better chance you have of making sure your Palo Alto retirement planning account will sustain you when you need it to. However, it is much more complicated than this. There are some other reasons that starting early will help you.

For instance, since you are young, you can afford to be a little more risky with your Palo Alto retirement planning investments. With any account, you have certain investment options that range from the very safe to the very risky. The safe investments are more guaranteed to not lose money, but they will also not earn a lot of money. The other side of the proverbial coin then is that the riskier investments have a high risk of losing money with a high chance of making exponentially more.

Because you are so far from retirement age, you can afford to gamble more with your Palo Alto retirement planning investments than your older CA colleagues. This of course can result in you losing what you have and needing to start all over again. However, it could also result in your having a much larger sum much quicker. If the first scenario happens, you are still young enough to recover and have little to no impact on the grand scheme. If the latter happens, you can go more and more conservative with your Palo Alto investments as you age, resting assured that you have already set yourself up with a large, solid foundation.

What Type Should you Get?

So, you're convinced that Palo Alto retirement planning in your twenties is a good idea, but you aren't sure what comes next. The first thing to do is to open a California retirement planning account. There are many account types, so this can be a difficult decision to make.

The first thing you should do is check with your Palo Alto employer. Most employers offer their CA employees access to Palo Alto retirement planning accounts and or resources, so this is the best place to start, for a couple of reasons. First, if your employer offers a 401K program, it is likely they will cover and costs and fees associated with the setup and maintenance of the account. Additionally, many employers will match the amount you put into your California retirement planning accounts (up to, of course a certain limit). So, not only can you get your account for free, you will also earn more money just for participating.

Another reason that opening up a Palo Alto retirement planning account through your employer is a good idea is that you can take it with you from job to job. Most Palo Alto employers are very good about allowing you to transfer your funds from your previous employers account into your new employers account. On occasion, there is a fee associated with the transfer, but it is still very beneficial to you because you never have to worry too much about starting over when you start a new Palo Alto job. You can easily transfer to as many or as few jobs as you want without losing what you have already gained.

If you do not have the option of opening a Palo Alto planning account through your employer, or you just want another account, a Roth IRA is the best choice for you. Roth IRA's have certain regulations built into them that make them more beneficial to younger investors. This type of account uses post payroll funds, so you have already paid taxes on them. This helps because you will not have to pay taxes on the contribution amount when you withdraw it at retirement. Additionally, you can withdraw some of the funds earlier if you have expenses come up that you weren't planning for. This is really an ideal type of Palo Alto retirement planning account for a person in your age group.

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 Palo Alto

Ken Sakamoto
Ken Sakamoto
1050 Enterprise Way, 3rd Floor
Sunnyvale, CA 94089

Hans Reese, CFP
Hans Reese, CFP
1900 S Norfolk St, Ste 350
San Mateo, CA 94403

Jack Dominge
Jack Dominge
4633 Old Ironsides Drive - Suite 436
Santa Clara, CA 95054

Mallory Dinis
Mallory Dinis
4301 Hacienda Drive, Suite 100
Pleasanton, CA 94588

Personal Capital
Personal Capital
250 Montgomery Street
Suite 700
San Francisco, CA 94104

Elevate Capital
Elevate Capital
One Embarcadero Center
Suite 400
San Francisco, CA 94111

Mark Palmer
Mark Palmer
2175 North California Boulevard
Suite 800
Walnut Creek, CA 94596

William Callahan
William Callahan
2169 Francisco Blvd E Ste E
San Rafael, CA 94901

Kerry Lee
Kerry Lee
4040 Civic Center Drive
Suite 200
San Rafael, CA 94903

© 2019   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.