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Rohnert Park Financial Planners

Rohnert Park financial planners are an excellent resource for California residents who want to be prepared for their retirement. Most people know that they need to start planning now for retirement, but few know how to make the most of their savings or even how much they need to save to enjoy their desired standard of living once they reach retirement age. A Rohnert Park financial planner can break down your retirement planning into easy-to-follow steps, so you can make sure you are where you need to be at each milestone. A number of Rohnert Park financial planners work for residents of all incomes, ages and backgrounds, so you are sure to find a qualified California financial planner with the experience and expertise to match your needs.

Starting Your Retirement Planning

Your retirement planning starts with determining what you want from your retirement. If you envision a simple life in Rohnert Park filled with family and volunteer work, your target savings will be somewhat less than if you dream of traveling outside of CA or enjoying expensive activities like skiing, sailing or frequenting fine dining restaurants in in Rohnert Park. Your Rohnert Park financial planner can help you determine how much you will need to save for retirement and what adjustments you might need to make to your current lifestyle to achieve your long-term goals.

Two basic retirement accounts that all Rohnert Park residents should consider are 401k plans and Individual Retirement Accounts, or IRAs. A 401k is a tax-advantaged account offered through your California employer that allows you to contribute up to $17,000 a year to a tax-free retirement account, as of 2012. You are taxed when you make withdrawals during retirement. You can ask your human resource department about whether your CA employers offers 401k and if any matching agreement is included. An IRA, which is not tied to your CA employer, allows you to contribute up to $5,000 to your retirement account.

Building Your Retirement Portfolio

Once you have begun regular contributions to your 401k and IRA accounts, your Rohnert Park financial planner might recommend building your investment portfolio to maximize your savings. Before you focus your attention on investing, however, Rohnert Park financial planners are likely to suggest that you clear up any outstanding debts and build an emergency fund first. Credit card balances, car payments, student loans and other forms of debt carry expensive interest rates, which are often much higher than what you would receive from investments. Paying off debt allows you to invest with a clean slate, so you are not throwing money away on interest.

Planners also advise build an emergency fund equal to to three months' salary before you focus on investing. Having this cushion will allow you to handle medical emergencies, a move from Rohnert Park to a new city, or other unexpected expenses without having to resort to debt. When you are ready to focus on investments, your Rohnert Park financial planner professionals can help you create a well balanced portfolio that mitigates risk with a mix of stocks, bonds, mutual funds, Treasury bills and other securities.

The best investment mix for you will depend on a number of factors, including your age, income and retirement goals. Choosing a Rohnert Park financial planner with a similar view of risk will ensure that your portfolio carries the right balance of both assertive and conservative investments. If you are in your 20s or 30s, you can shoulder more aggressive investments since you can wait out ebbs and flows in the market. If you are hoping to retire in the next decade to 20 years, financial planners will likely opt for low-risk investments that yield a steady return. Personal finance planners also recommend that your savings become more liquid as you reach retirement age.

Choosing the Right Advisor

When researching financial planners, it can be difficult to know which one is right for you. There are several factors to consider when choosing a Rohnert Park financial advisor. An advisor's ability to communicate is one important area to assess. Since your finances can be a very personal subject to discuss, choosing a financial advisor that you trust is essential to developing a beneficial relationship. Choosing from Certified Financial Planners is also important. Certification ensures that your advisor has achieved the education and experience to offer well informed recommendations.

Finding the right financial planner in Rohnert Park can make an enormous difference in your retirement preparation, as well as your investment planning and debt management. Given the impact professional guidance can have on your finances, your choice of advisor should be made with careful consideration. Researching Rohnert Park financial planners online is an excellent way to compare planners based on their experience, fee structure and reputation.

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Financial Planners in Rohnert Park

Robert Choy
Robert Choy
4040 Civic Center Drive
Suite 200
San Rafael, CA 94903

William Callahan
William Callahan
851 Irwin St Ste 201A
San Rafael, CA 94901

Mark Palmer
Mark Palmer
2175 North California Boulevard
Suite 800
Walnut Creek, CA 94596

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