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Retirement Planning Services Bella Vista AR

It’s never too early to start your retirement planning. The sooner you start the more money you collect. It’s important to look for quality jobs that have benefits packages you can take full advantage of. A 401(k) is a retirement plan set up by employers that allows employees to defer or invest a portion of their income, pre-tax, to their retirement plan. Here you’ll find useful retirement tips that will definitely help you with your retirement planning. Please scroll down for more information and access to the retirement financial advisors in Bella Vista, AR listed below that can explain more and even get you started on your retirement savings.

Mr. Bruce E. Chadwick (RFC®)
(479) 268-6870
2904 Bella Vista Way
Bella Vista, AR
Company
Chadwick Financial Services
Qualifications
Education: Registered Financial Conultant, Licensed insurance agent. Investment Adviser Representative. Advanced learning in retirement planning, investments, life insurance, long term care planning.
Years of Experience: 16
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Stocks and Bonds, CommOptions, Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Mr. Christopher Donovan, CFP®
(479) 855-1309
2842 Bella Vista Way
Bella Vista, AR
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Education Planning, Insurance Planning, Long-Term Care, Retirement Income Management, Wealth Management

Data Provided By:
Mr. J. Mel Parks, CFP®
502 SW 12th St
Bentonville, AR
Firm
Forty Three Eighteen Advisors, LLC
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Investment Management, Investment Planning, Retirement Planning, Risk Management

Data Provided By:
Mr. Rodney W. Bastian, CFP®
(479) 464-5055
PO Box 3150
Bentonville, AR
Firm
Clement Financial Services Inc
Areas of Specialization
Comprehensive Financial Planning, Retirement Planning

Data Provided By:
Mr. Kevin M Brown, CFP®
100 SW 14th St Ste 6
Bentonville, AR
Firm
VALIC
Areas of Specialization
Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $100,001 - $250,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Randall W. Roebuck, CFP®
(479) 855-5800
633 W Lancashire Blvd
Bella Vista, AR
Firm
Raymond James Financial Services, Inc.
Areas of Specialization
Investment Management, Retirement Income Management, Retirement Planning

Data Provided By:
Mr. Kevin P. Barnes, CFP®
(479) 464-5055
2400 SE C St
Bentonville, AR
Firm
Clement Financial Service Inc

Data Provided By:
Mr. Roger E. Clement, CFP®
(479) 464-5055
P.O. Box 3150
Bentonville, AR
Firm
Clement Financial Services Inc
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Adam J. Kuettel, CFP®
(479) 270-4092
811 SW Raintree Ste 26
Bentonville, AR
Firm
NWA Financial Partners
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable



Data Provided By:
Ms. Deann G. Gann, CFP®
(479) 271-3083
405 S Walton Blvd
Bentonville, AR
Firm
Arvest Private Banking
Areas of Specialization
Investment Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided By:
Data Provided By:

Investing in 401(k)s and IRAs

By Christopher Stella

So it’s the first day of work and HR asks whether or not you want to open up a 401(k) retirement account. “Heaven’s to Betsy” you say in your most petulant grandfatherly voice: why the hell do I need a retirement account? Ahh…so you say that now. But what happens when you’re 50 years old and realize that had you contributed a measly $100 a month to an account earning a reasonably conservative 6% interest rate, you could have been sitting on a cool $120,000. Not exactly a chunk of change to shake a cane at. But there’s more. Firstly, each of those piddly $100 contributions is tax free, meaning that had you not deposited them into the account, you would have only received about $60 to spend. Secondly, your employer (depending on their level of altruism) will frequently match those contributions up to a certain amount (usually between $1,000 and $2,000 a year). So now you’re talking close to a quarter of a million dollars, half of which was free!!!! Alright, so there’s a little more to it than that, but that’s the basic gist.

Statistics show that you need about 75% of your pre-retirement income to maintain a similar standard of living. So if you're making $150,000 a year, retire at 60, and stick around until you're 90, you'll need to save over $3,000,000. Here's are two easy ways you can make you can make that happen.

What’s a 401(k)?

A 401(k) is a retirement plan set up by employers that allows employees to defer (or invest) a portion of their income, pre-tax, to their plan. For example, if you make $45,000 a year, and contribute $2,000 to our 401(k), then you will only be taxed on $43,000 of your salary at the end of the year. Taxes on $2,000 are paid later when you take out the money during retirement. So why bother contributing?

A 401(k) is like a savings account on steroids. Because your deferral is pre-tax, it means you have more money to contribute, and a larger account grows faster. Further, employers often “match” or contribute a percentage of your deferral as well.

But don’t think that this is just some cash give-away-free-for-all. There are rules. First, the money can’t be withdrawn before the age of 59.5, unless there is an extenuating circumstance, such as serious financial hardship or disability. Otherwise, early withdrawals are subject to a 10% penalty, paid to the IRS. However, if you need to withdraw the money, as a result of the tax deferment on interest, the penalty isn’t significant. If your employer is also matching your funds, then the penalty is negligible.

The maximum current amount that can be invested each year is $15,000, as stated by the IRS. However, that number changes pretty regularly so check with your employer to figure out what the exact numbers are. But what if you leave your job? Well, it doesn’t really matter. You get to keep everything you’ve put in your account plus whatever portion of the money your employer has matched. And there are no penalt...

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