Dependable Retirement Planning Advisors

Virginia Retirement Planning

Virginia retirement planning should occur as soon as possible. You need to begin early retirement planning as soon as you graduate college. But even if you have been out of college for a while or you entered the work world right out of high school, you need to go ahead and start if you have not already. That way you will be able to bring in a good income while enjoying the rest of your life. That is what is supposed to happen after you retire - You're supposed to enjoy your life.

Nevertheless, successful Virginia retirement income planning means following a set of rules. Whether you are starting directly out of college or you have been working a while and are beginning the process, following a plan is what is going to make a difference for you. Following a plan could be the difference between you being able to pay the bills comfortably after you retire or having difficulty paying them.

Retirement Planning Rules

The first rule you want to abide by in your Virginia retirement planning is the lining of your own pocket. Of course you want to go out and have some fun sometimes, but there is a such thing as having too much fun. You need to develop discipline from the very start. If you have been working for a while and have yet to form that discipline, it is never too late to start so that you can make sure you have financial padding below you.

So what you need to do is open a savings account. A good savings plan is a very important part of Virginia retirement planning. This is going to help you have a rainy day fund, while also saving for your VA retirement. However, there are some financial advisors who will suggest that individuals have two savings accounts. One account is used as a rainy day fund, while the other is a retirement fund. That way a present day emergency doesn't take from your future income.

Unless you want to work well into your 70s, you want to do what you can to make sure you can retire with ease through good retirement planning in Virginia. Many, especially younger individuals, feel that it is going to be a very long time before they retire. They see the age in which they will no longer have to work as being very far off when, in fact, it will be here in no time. So what you want to do with your Virginia savings account is to deposit at least 5% of your income. It is ideal if you can deposit 10% into each account.

Another rule to follow as a part of your Virginia retirement planning is to invest in your company's 401K plan. The reason why this is a good idea is because the money that is accumulated within a 401K plan is not meant to be touched until later in life. If you do touch it, there are tax consequences. There are also penalties that are used to discourage individuals from prematurely withdrawing money from their accounts.

You also want to look into an IRA as a part of your financial planning. You can opt for an IRA through your VA employer, but you can also open one on an individual basis. You can talk to a financial advisor to help you with this area of your Virginia retirement planning because an IRA, being an investment account, can bring in a lot of income for you. Even if you opt for an IRA through your employer because of their matching contributions (usually up to 50%), it does not hurt to ask your advisor for advice on your Virginia retirement planning regarding what you need to do in regards to the risk you take, the investments you choose, and your contribution amount.

Learning the Rules

A Virginia financial advisor can help you a lot in your Virginia retirement planning in that they know the rules and can educate you on those rules. It doesn't hurt to receive some help on your Virginia personal planning because the professionals have dealt with many types of situations, so they know how they can advise you in some ways.

Most of the rules that you will need to follow in your Virginia retirement planning has to do with the IRS. For example, withdrawing money from a Virginia retirement plan before the age of 59.5 can result in penalties. If withdrawing from a 401K, you will want to talk to your employer's HR department about it because of rules your employer may have about early distributions.

Good Virginia retirement planning can take you far in making sure you are secure. You don't want to attempt to leave the work world without some kind of income. That could be rather dangerous.

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Retirement Planners In Virginia

Jeffrey Lippman
Jeffrey Lippman
8180 Greensboro Drive, Suite 1150
McLean, VA 22102

Daniel R. Hill, CFP, AIF
Daniel R. Hill, CFP, AIF
10800 Midlothian Turnpike
Suite 154
Richmond, VA 23235

Daniel R. Hill, CFP, AIF
Daniel R. Hill, CFP, AIF
109 Herman Melville Avenue
Newport News, VA 23606

Bryan Beatty
Bryan Beatty
1919 Gallows Rd, Suite 980
Vienna, VA 22043

William  Bourne
William Bourne
1703 Enterprise Drive
Suite A
Lynchburg, VA 24502

Emily Robbins
Emily Robbins
2901 S. Lynnhaven Rd
Suite 230
Virginia Beach, VA 23452

Dan Uribe
Dan Uribe
544 S. Main St
Harrisonburg, VA 22801

Brian Bowen CCPS
Brian Bowen CCPS
1315 Second St. SW, Suite 102
Roanoke, VA 24016

Thomas Marshall
Thomas Marshall
4870 Sadler Rd
Suite 300
Glen Allen, VA 23060

Tim Goode
Tim Goode
4000 Legato Road
9th Floor
Fairfax, VA 22033

Bob Glass
Bob Glass
1800 Diagonal Road
Suite 480
Alexandria, VA 22314

Dorothy Sperry
Dorothy Sperry
200 Westgate Pkwy
Suite 202
Henrico, VA 23233

Bob Sargent
Bob Sargent
19775 Belmont Executive Plaza
Suite 510
Ashburn, VA 20147

Michael Krowe
Michael Krowe
1750 Tysons Blvd.
Suite 910
Tysons Corner, VA 22102

Gian Deguzman
Gian Deguzman
8100 Boone Boulevard Suite 640
Vienna, VA 22182

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