NETWORK WITH US

Retirement Planning Services Greeneville TN

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

Mr. Brian J Click, CFP®
(423) 783-1033
913 Tusculum Blvd
Greeneville, TN
Firm
Andrew Johnson Bank
Areas of Specialization
Asset Allocation, Banking, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided By:
Patrick S Johnson, CFP®
(423) 798-2249
2841 E Andrew Johnson Hwy
Greeneville, TN
Firm
First Tennessee Brokerage, Inc.
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided By:
Mr. Guy G Lillycrop, CFP®
812 E Jackson Blvd
Jonesborough, TN
Firm
Crossbridge Wealth Management
Areas of Specialization
Banking, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning, General Financial Planning

Data Provided By:
SunTrust Bank
(423) 753-3551
401 East Jackson Boulevard
Jonesborough, TN
Type
ATM, Branch, Mortgage Office, Investment Center, Drive-Thru
Office Hours
Monday: 9-5
Tuesday: 9-5
Wednesday: 9-5
Thursday: 9-5
Friday: 9-6 Weekend:
Drive Up Hours
Monday: 8:30-5
Tuesday: 8:30-5
Wednesday: 8:30-5
Thursday: 8:30-5
Friday: 8:30-6 Weekend:

US Bank - Rogersville-Main Office
(423) 272-7622
107 E Main St
Rogersville, TN
Drive Up Hours
Mon 07:30 am to 05:00 pm
Tue 07:30 am to 05:00 pm
Wed 07:30 am to 05:00 pm
Thur 07:30 am to 05:00 pm
Fri 07:30 am to 06:00 pm

Mr. Steven L Dick, CFP®
(423) 636-1800
705 Professional Plaza Drive
Greeneville, TN
Firm
Strong Heritage Financial Group
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Intergenerational Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided By:
Mr. William Frank Richmond, CFP®
(423) 218-0913
90 Naples Lane
Greeneville, TN
Firm
XIM Consulting
Areas of Specialization
Accounting, Banking, Budget Development, Comprehensive Financial Planning, Debt Management, General Financial Planning, Healthcare Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Bank of America - Greeneville Plaza
(423) 636-6340
1545 East Andrew Johnson Hwy
Greeneville, TN
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4:30
Tuesday 9-4:30
Wednesday 9-4:30
Thursday 9-4:30
Friday 9-5
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 9-4:30
Tuesday 9-4:30
Wednesday 9-4:30
Thursday 9-4:30
Friday 9-5
Saturday 9-1
Sunday Closed

US Bank - Rogersville-Highway 66 Office
(423) 272-4671
4015 Highway 66 S
Rogersville, TN
Drive Up Hours
Mon 07:30 am to 05:00 pm
Tue 07:30 am to 05:00 pm
Wed 07:30 am to 05:00 pm
Thur 07:30 am to 05:00 pm
Fri 07:30 am to 06:00 pm

Gary Bell
Ronald Blue & Co., LLC
(615) 373-2800
210 Westwood Place, Suite 110
Brentwood, TN
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, MAcc

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...

Click here to read the rest of this article from Gradspot.com

©2010 Gradspot LLC