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Folsom Financial Planners

Folsom financial planners have helped northern California residents prepare for retirement with individualized tools and services, ranging from personalized budget advice to investment planning. Your Folsom financial planner will develop a unique plan for you, taking into consideration your income, lifestyle and long-term retirement goals. Even if you know nothing about finance, your personal California financial planner can walk you through each stage of the retirement saving process, from developing a budget to choosing your investment mix.

Primary Financial Tools

Enrolling in a 401k or Individual Retirement Account (IRA) is one of the smartest things you can do to start your retirement planning. Folsom financial planners can help you choose the right account for you and determine how much you can afford to contribute each month. You can legally contribute up to $16,500 a year to your 401k, and a maximum of $5,000 a year to your IRA. If you work in the nonprofit sector or for the government, you will likely have the option to enroll in a 403b plan rather than a 401k. If you are self-employed or your company does not offer 401k plans, your Folsom financial planner can explain your options for enrolling in a Solo or SEP 401k accounts.

Folsom financial planners can also help you create a budget that allows you to save for retirement. On your own, it might seem difficult to find money outside your necessary expenses to save for your future. A Folsom financial planner can help you cut your expenses to start a savings accounts. The younger you are, the more impact each dollar has on your future, thanks to compound interest. Even an amount as small as $25 a month can help CA residents build a financially sound nest egg.

Once you feel comfortable with your level of savings and have opened some basic retirement accounts, you can work with your retirement planners to determine the best investment mix for your income, age and long-term retirement goals. If you are in your 20s or 30s, this might mean a high percentage of stocks with a healthy mix of bonds or mutual funds. If you are in your 40s or 50s, your investments will likely include a higher percentage of liquid accounts with low risk. Your Folsom financial advisor can give you customized recommendations for you unique situation, like individualized estate planning.

Planning Your Long-Term Goals

The amount you need to save for retirement in Folsom depends greatly on your long-term goals. Some California residents hope to stay in Folsom and enjoy the beauty of Northern CA. Others dream of leaving California and traveling the world during retirement. These different dreams will require very different budgets. A Folsom financial planner will listen to your future plans and help you determine the best course of action. Certified financial planners in Folsom not only understand the broader principles of retirement saving, but they also have the best knowledge of the local environment of Folsom, including municipal bond rates and the local economy.

Your Folsom financial planner can also help you plan for your dream activities, whether you hope to spend your days biking in the forests near Folsom or taking road trips throughout the West. You might have even considered selling your home and buying a condo on the CA beach. Whatever you hope to achieve in retirement, local certified financial planners can show you which investments to choose and make suggestions for reaching those goals. Financial planners can even let you know when your plans might not be realistic.

Choosing Retirement Planners

When choosing a personal finance advisor, there are a few main factors to consider. The first is the size of the firm that you want to work with. If you choose a large, corporate company, you will likely work with a team, as opposed to a single agent. If you prefer to get multiple points of view or don't mind working with someone new on your finances, you might prefer a large company. Bigger firms are also good for people who depend on a company's reputation. If you enjoy working one on one with a single agent and prefer not to share your long-term retirement goals with a team, a smaller company is likely your best option.

Finding the right retirement planner can take some time and research. Thankfully, a great deal of information about Folsom financial planners is available online, including ratings, reviews and user generated comments. Online research can also help you compare and contrast rates, benefits of retirement specialists in your area, along with the individual approaches of different planners. Once you have found a list of local firms that interest you, calling your top companies can help you test for good customer service. Firms that are helpful to potential clients likely treat their long-time clients the same way.

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Financial Planners in Folsom

Mark Sikich
Mark Sikich
1112 Galleria Boulevard Suite 160
Roseville, CA 95678

Jim Dillon
Jim Dillon
9700 Business Park Drive
Suite 204
Sacramento, CA 95827

Bill O'Donnell
Bill O'Donnell
9245 Laguna Springs Drive Suite 200
Elk Grove, CA 95758

This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.