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Retirement Planning Services Decatur GA

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 Decatur, GA listed below that can explain more and even get you started on your retirement savings.

Sandra Porter
Sandy Porter, LLC
(404) 377-4577
10 Candler Grove Drive
Decatur, GA
Expertises
Hourly Financial Planning Services, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Investment Advice without Ongoing Management, Women's Financial Planning Issues, Planning Issues for Unmarried & Same-Sex Couples
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, CRPC, MA

Houston Smith
Smith and Raab CPA Financial Planners, PC
(404) 377-9500
2302 Parklake Drive, Suite 100
Atlanta, GA
Expertises
Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Middle Income Client Needs, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CPA/PFS, MBA

Brian O'Neill
Cahaba Wealth Management, Inc.
(404) 549-7678
999 Peachtree Street NE, Suite 790
Atlanta, GA
Expertises
Planning Concerns for Corporate Executives, Ongoing Investment Management, Advising Employee Benefit Plan Participants, Estate & Generational Planning Issues, High Net Worth Client Needs, Alternative or Private Investments
Certifications
NAPFA Registered Financial Advisor, CFP®

Warren Wick
Lesesne Capital Management
(404) 231-3414
3630 Peachtree Road NE, Suite 940
Atlanta, GA
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, CLU, CPA, MBA

Melissa Hallmark
Sanders Financial Management, Inc.
(770) 448-5111
3455 Peachtree Road NE
Atlanta, GA
Expertises
Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BBA, CFP®, MBA

Helga Cuthbert
Cuthbert Financial Guidance
(404) 633-6420
836 Sycamore Street
Decatur, GA
Expertises
Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Ongoing Investment Management, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®

Micah Porter
Minerva Planning Group, Inc.
(877) 881-5379
1170 Peachtree St NE, Suite 1200
Atlanta, GA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Women's Financial Planning Issues, Hourly Financial Planning Services, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

Eleanor Burton
Sanders Financial Management, Inc.
(770) 448-5111
3455 Peachtree Road NE
Atlanta, GA
Expertises
Helping Clients Identify & Achieve Goals, Women's Financial Planning Issues, Newlyweds & Novice Investors
Certifications
NAPFA Registered Financial Advisor, CFP®

Owen Malcolm
Sanders Financial Management, Inc.
(770) 448-5111
3455 Peachtree Road NE
Atlanta, GA
Expertises
Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Helping Clients Identify & Achieve Goals, College/Education Planning, Insurance Related Issues, including Annuities, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Anthony Guinta
Homrich Berg
(404) 264-1400
3060 Peachtree Road, Suite 830
Atlanta, GA
Expertises
Estate & Generational Planning Issues, Charitable Giving - Trusts & Foundations, High Net Worth Client Needs, Ongoing Investment Management, Tax Planning, Alternative or Private Investments
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, CPA/PFS

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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