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Fort Worth Retirement Planning

In 2015, Transamerica did a retirement studies survey and asked over 4,000 workers a variety of questions about their retirement plans. The study showed that while many thought they would be able to comfortably retire, the vast majority was either saving too little or had no clue where to start with their planning. If you’re in the same boat you might want to consider using the services of a retirement planner. Fort Worth has plenty of resources for you to use to make sure your retirement years are enjoyable.

The Main Retirement Topics

Retirement planning seems like a daunting task for many people because there are so many issues that you need to factor in. Estate planning, health care costs, long-term care options, and income after you retire are all important topics and ones that the Certified Financial Planner Board of Standards suggests you cover.

Your income after you leave your job can make you a little nervous since you will no longer be getting a regular paycheck. Most seniors turn to Social Security benefits and once they turn 66 rely on that income. The one thing that these seniors might not realize is that if they wait even one year to start collecting their benefits, they could get more money. By the age of 67 you could be getting 108% of your monthly benefits instead of the 100% at age 66 and wait until the age of 70 and you get 132% of your monthly benefits.

Perhaps you have been saving money in different accounts for your retirement and plan to withdraw from those once you leave your job. If you take money from these accounts in a particular order, you could pay less in taxes and save more money in the long haul. Your retirement planner can look at all your accounts and give you a plan for where and when to withdraw your money.

Retirement age is another part of how much money you can make after you leave your job. Some people can retire at age 65 and other should wait a few years. There are more and more seniors who are deciding to stay part-time at a job and in Texas about 520,000 workers are 65+.

Locating A Retirement Planner

Once you’re ready to plan your retirement you want to find a Certified Financial Planner (CFP) that will help you with your goals. Talk to coworkers or friends and get their referrals and check with your employer to see if they offer any free retirement services. You can also use a few of these tools below to find a CFP.

The BBB of Fort Worth is a good place to start because you can see local businesses and read user reviews to get a feel for the company before you decide to use their services.

The Certified Financial Planner Board of Standards allows you to search local financial advisors and you can further refine your search by entering in retirement planner after your location.

The National Association of Financial Planners also has a search tool on their website and you can find all CFPs that are within the association. Narrow your search down to retirement planners and distance from your neighborhood to find the ones closest to you.

Extra Retirement Resources

Estes Financial Services is located in Fort Worth, but they have a website where you can find some free retirement resources. You can also visit My Retirement Paycheck, a website that is designed to help you learn more about retirement and make the best plans for your situation.

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