Dependable Retirement Planning Advisors

Parma Retirement Planning

Parma retirement planning is available to anyone, regardless of age, at any income level. Retirement means many different things to different people but ultimately starts with the decision to forgo your current spending to support future needs. Starting to save early will make a considerable difference in the amount of money you'll need to save to reach your Ohio retirement goals.

For example, if you start saving $100 a month when you're 30 years old, assuming an 8% rate of interest, you will have over $150,000 at age 60. But if you waited until age 40 you would need to save $250 a month to have $150,000 at age 60. If you would have started saving $250 a month at age 30 you would have over $372,000, assuming the same rate of interest, at age 60. Your individual goals can be achieved and finding a reputable Parma retirement planning professional to assist you with this process can be very helpful to facilitate your long-term goals.

Pre-Retirement Planning Concepts

The first step when beginning to save for your future in Parma involves determining how much money you can afford to save each pay period. Making a budget can greatly assist this process; start by gathering your pay-stubs and bills for the month and write down everything you spend your money on. Track the money you spend on fast food, coffee, candy bars, gasoline, haircuts, and anything else you purchase. Try this process for a few months to get a good idea of where your money is going and how you can take steps to reduce your spending so you can start saving. Once you've determined an amount of money you feel you can save every month, consider another vital retirement planning concept.

Creating an emergency fund is integral to your Parma retirement planning process. A proper fund will contain at least three to six months of your take home pay. Maintaining this smaller account at a local Parma bank or financial services company will allow you to better absorb any unexpected expenses. An emergency fund can be drawn upon so that you do not have to use the funds you've already earmarked for retirement purposes. This can also help transition your family through any periods of unemployment if your employer decides to leave OH.

Suppose one of your parents, who worked their whole life so they could retire in Florida, needs a surgery they simply can't afford on their fixed income. Would you still be able save enough for your retirement if you had to support one or two parents living in a nursing home? A Parma financial planner can help you by asking tough questions and planning ahead for contingencies. Unfortunate events such as these happen every day across Ohio and the rest of the nation. Knowing how you could overcome these situations and having an emergency fund in place when you start your Parma retirement planning will ease the effects of these unanticipated costs on your assets and allow them to continue growing.

Retirement Planning in Parma

Finding a professional to help with your Parma retirement planning can seem like a daunting task. We have simplified this process by creating a tool for the people of Parma that lets us do the work for you. We search through financial representatives in OH to find several specialists that will call you to set up a meeting.

When vetting these planners for help with your Parma retirement planning consider asking them if they've attained their Certified Financial Planner (CFP) designation and check to see if there are any reviews of the individual you're considering. Certified Financial Planners have met certain educational requirements and passed tests to confirm their knowledge of comprehensive financial planning concepts and practices. They are also held to a high level of ethical standards by the CFP Board of Standards. If the Parma planner you're considering working with is not a CFP it does not mean they are not good at retirement planning, it just means they haven't pursued the industry designation.

Another great way to evaluate a Parma retirement planning agent is by asking your friends and family in OH if they know or have heard of the individual who contacts you. Set up a meeting with this person and discuss the goals of your Parma retirement planning and determine whether you feel comfortable entrusting them with your personal information and money. Try meeting with several financial professionals all over Ohio if necessary, but be sure they will put your interests over theirs because the relationship you form with them will continue for the rest of your life. When you start your Parma retirement planning, remember that it is a long term process. Finding a professional to help guide you along the way can be a tremendous benefit.

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 Parma

Marco Mazzone
Marco Mazzone
8227 Brecksville Rd
Suite 201
Brecksville, OH 44141

Ryan Sullivan
Ryan Sullivan
36040 Detroit Road
Suite E
Avon, OH 44011

Matt Burnham
Matt Burnham
2923 Smith Rd, Suite 202
Akron, OH 44333

John Hubbard
John Hubbard
3900 Medina Rd.
Suite Q
Akron, OH 44333

Ryan Sullivan
Ryan Sullivan
6327 Wilson Mills Road
Highland Heights, OH 44143

© 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.