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Retirement Planning Services Greeley CO

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

Steve Martin
Martin Wealth Management, LLC
(970) 443-1873
3400 Rosetone Court
Fort Collins, CO
Expertises
Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Retirement Planning & Distribution Rules, Charitable Giving - Trusts & Foundations, Retirement Plan Investment Advice, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Cameron L Mastrud, CFP®
(970) 223-4800
5801 W 11th St Ste 105
Greeley, CO
Firm
Wells Fargo Advisors
Areas of Specialization
Estate Planning, General Financial Planning, Insurance Planning, Investment Planning, Retirement Income Management, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Ms. Randee K. Cook, CFP®
(970) 353-7124
1931 65th Ave
Greeley, CO
Firm
Strategic Financial Management

Data Provided By:
Ms. Jennifer A. Owens, CFP®
(970) 506-5800
1901 56th Ave
Greeley, CO
Firm
UBS
Areas of Specialization
Estate Planning

Data Provided By:
Mr. Daniel J. Podell, CFP®
(970) 330-2200
1901 56th Ave
Greeley, CO
Firm
MetLife
Areas of Specialization
General Financial Planning, Investment Planning, Retirement Income Management, Retirement Planning, Women's Finances

Data Provided By:
James Watt
James L. Watt Financial Advisors, Ltd.
(970) 225-1440
6248 Buchanan Street
Fort Collins, CO
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Retirement Plan Investment Advice, Investment Advice without Ongoing Management, Tax Planning, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

Mr. John R. Roessig, CFP®
(970) 351-7466
6500 W29th St.
Greeley, CO
Firm
Masters Financial Group Inc

Data Provided By:
Mr. Jeffery J. OConnell (RFC®), LUTCF
(970) 534-3053
6801 W 20th St, Ste 212
Greeley, CO
Company
Capital Financial Strategies Group
Qualifications
Education: B.S. Degree Univ. of Nebr.LUTCFSeries 7,66,26,24,63
Years of Experience: 32
Membership
IARFC, NAIFA, GAMA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Mr. Charles L. Cooper, CFP®
(970) 351-7466
6500 29th st
Greeley, CO
Firm
Masters Financial Group

Data Provided By:
Mrs. Diane L. Alexander, CFP®
(970) 352-7990
5801 W 11th St Ste 300
Greeley, CO
Firm
Anderson & Whitney PC
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided By:
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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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