Dependable Retirement Planning Advisors

Stamford Retirement Planning

Stamford retirement planning options aren't limited to Social Security benefits. On the contrary, most Connecticut retirees would not be able to live comfortably or pursue their personal dreams if they relied solely on their government sponsored benefits after retirement. A diverse portfolio of varied savings and investment funds ensures that you'll have several sources of income to support an independent lifestyle when you're ready to retire in Connecticut.

Planning an income for your senior years can begin as early as your 20s, when you lay the foundation for your career in Stamford. Home to several Fortune 500 companies, Stamford is an excellent place to launch a career in business, finance, media or research and development. With a generous package of retirement benefits, you can get started with your Stamford, Connecticut retirement plan goals as soon as you're eligible to open a 401k through your employer. With matching funds from your Stamford company, you'll soon see significant growth in this tax advantaged fund.

Retirement Planning and Relationships

Getting married, getting divorced, having children or establishing a long term relationship with a life partner will affect your Stamford retirement planning strategies. Although many married professionals plan for retirement as a couple, some of those marriages will end in divorce. As you're planning for your future as a senior citizen, consider how your financial future might be affected if your marital status were to change suddenly. A remarriage, divorce or the unexpected death of a spouse can have a significant impact on your Stamford retirement planning funds.

If you decide to divorce after many years of marriage, you may find yourself with a smaller nest egg than you anticipated. The funds in a retirement account may be awarded to a former spouse as part of the divorce settlement. Alternatively, you may need to access the money in your Stamford retirement planning accounts to pay for your living expenses in Connecticut after your divorce has been finalized.

If you are have not reached the age of eligibility for collecting distributions and you are going through a divorce, tax regulations may allow you to collect a distribution from a 401k or IRA without the usual tax penalty. Talk with a Stamford financial planning consultant about the implications of this distribution for your own financial goals. A CT financial planning expert with experience in divorce negotiations can help you and your former spouse arrange an equitable distribution of funds.

Getting married and starting a family can be joyful landmarks in a person's life, but these happy events can also have an impact on your personal financial goals. When you share your Stamford retirement planning goals with a spouse, you may find that your values and objectives for the future diverge. Once you've started a family and have purchased a home in Stamford, you'll have to consider your children's needs for the future as well as your own.

An objective Stamford retirement planning consultant can help you and your spouse define your goals -- both as individuals and as couples. Financial issues can be detrimental to a marriage unless differences can be resolved. When you work with a professional CT financial planner, you'll have a source of impartial advice that you can rely on when you're planning your future. Work with a Stamford planner to develop strategies that you and your spouse can share as your build your life together.

Relocation and Retirement

As you grow older and get closer to the end of your career, you may decide that it's time for a change of scene. Many older adults decide to leave CT after they retire, in search of more temperate climates. Some retirees decide to sell their homes in order to raise the money to travel across the United States, visit foreign countries or spend extended vacations with family. Your home is one of your most significant investments, and one of the primary assets in your portfolio.

Before you make the decision to sell, talk with a Stamford retirement planning expert about how you can maximize the value of this investment and ensure that you have affordable, comfortable housing as you age. Housing for retirees can range from extremely affordable senior apartments to high priced assisted living facilities that offer all of the latest amenities. If you're ready to sell your house and move into a more efficient, low maintenance property, the funds from the sale of your residence may support these goals.

Stamford retirement planning doesn't end on the day you stop earning a salary. Preparing financially for the future is an ongoing process that starts in your 20s and continues for the rest of your lifetime. When you're ready to collect distributions from your accounts, a qualified planner can help you make the most of the funds you've accrued, so that you can life independently for years to come.

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Retirement Planners In Stamford

Peter Scholtz
Peter Scholtz
107 Elm Street
Four Stamford Plaza, 5th Floor
Stamford, CT 06902

Lisa M Rossi CFP
Lisa M Rossi CFP
2975 Westchester Ave
Suite 418
Purchase, NY 10577

Rob Hoynes, ChFC
Rob Hoynes, ChFC
615 West Johnson Ave
Suite 202A
Cheshire, CT 06410

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