Dependable Retirement Planning Advisors

Whittier Retirement Planning

Whittier retirement planning encompasses ideas vital to the future of nearly all residents in the state of California.California retirement plans can be viewed as the eventual reward for a lifetime of service to your collective employers. When you begin planning it's important to define what you expect from your retirement. Finding a Whittier retirement planning professional to help you manage your expectations can help to direct you along your journey. Use your financial planner's special knowledge to determine which route to take to reach your goals.

How Much Do You Need

Every single person in CA may have a different idea about what they want their life to be like when they retire so carefully consider your aspirations. Do you want to open up a small business in Whittier or ride your Harley across the country? Does golfing every day or traveling the world appeal to you? Putting your dreams on paper and determining how much money you'll need to support them creates something measurable for you and your Whittier retirement planning specialist to review. Anyone can dream but working with a local California planner helps you gauge your progress and make adjustments when necessary.

Answering the question of how much money you'll need when you retire is unique to every individual in CA. Planning in Whittier requires taking into account many variables into one equation. A general rule of thumb is to save somewhere in the neighborhood of 8-20% of your income depending on your retirement goals. Financial advisors are specially equipped to help you determine how much you need to save.

Paying yourself first is a great strategy to make sure you're saving what you need to for planning purposes. Instead of paying your bills and buying clothes when you get your paycheck, pay yourself first and save the money you'll need for your future retirement. You can further simplify this process by setting up a bank draft or electronic funds transfer to move money directly into your investment accounts. By working with a Whittier retirement planning professional to make saving as easy as possible, you can greatly increase the probability of achieving your goals.

Working with an advisor in Whittier also allows an objective opinion to be injected into your planning discussions. You may desire something that's unattainable given your current level of saving. It's the responsibility of your Whittier retirement planning agent to suggest alternatives to help you decide which actions are required to keep you on course with long-term plan.

Review Your Plan

Sometimes your Whittier retirement planning goals will need to be updated as well. You might have done a great job saving all of your life and find you could now afford something that was initially thought to be unattainable, like your northern California dream home on the Pacific Ocean. Or maybe you lost your high paying job and were forced to take a lower paying job for quite some time. The main point is that it's important to remain flexible because you may have to redefine what you expect from retirement.

Many investment options are available to the people of CA so after you've figured out what you expect when you retire, make sure you're using all of the available avenues for saving. Depending on your income level you may be able to contribute to an IRA in addition to contributing to your 401(k) in Whittier. It's also helpful to know that once you reach your 50th birthday you can save an extra $5,500 per year into your 401(k) or 403(b). Be sure you're exploring all necessary possibilities with your Whittier retirement planning specialist.

One possible investment to consider while building your retirement portfolio would be an annuity. Your Whittier retirement planning professional can help you navigate this possible option. Let's say, for example, you just received an inheritance from your aunt in Whittier and are unsure what to do with the money. You could use it to fund a single premium deferred annuity that could provide you with monthly supplemental income when you choose to retire. This would be a great compliment to what you may already be contributing to your 401(k).

One discussion you absolutely need to have with your Whittier planning specialist is what you would do if you didn't save enough to reach your goals. Imagining what your life would be like if you didn't save properly is a powerful motivator. Saving money can be a hard discipline to master but it is crucial to long-term planning. A Whittier retirement planning agent can show you what you need to do but it is ultimately up to you to make the tough choices. Spending money on entertainment is an easy thing to do but saving more money when it's too late can be a hard reality to deal with.

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Retirement Planners In Whittier

Mark Higginbotham
Mark Higginbotham
2400 E Katella Ave
Suite 800
Anaheim, CA 92806

Alan Gelb, CFP
Alan Gelb, CFP
330 N. Brand Blvd.
Suite 1150
Glendale, CA 91203

Zain Griffith
Zain Griffith
9701 Wilshire Blvd
Suite 1000
Beverly Hills, CA 90212

Eric Pritz, CFP
Eric Pritz, CFP
2121 Avenue of the Stars
Los Angeles, CA 90067

Paul Taghibagi, CFP
Paul Taghibagi, CFP
2121 Avenue of the Stars
Suite 1600
Los Angeles, CA 90067

Theodore E.  Saade CFP®, AIF®, CMFC
Theodore E. Saade CFP®, AIF®, CMFC
2121 Avenue of the Stars
Suite 1600
Los Angeles, CA 90067

Mark Higginbotham
Mark Higginbotham
21515 Hawthorne Blvd
Suite 200
Torrance, CA 90503

Anthony Masterson
Anthony Masterson
12100 Wilsure Blvd.
8th Floor
Los Angeles, CA 90025

Rick Donnelly
Rick Donnelly
17901 Von Karman Ave
Suite 600
Irvine, CA 92614

Simon Reeves
Simon Reeves
30 Enterprise, Suite #190
Aliso Viejo, CA 92656

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