Consultant Hours
  • Mon - Fri: 5:00 AM - 9:00 PM PT
  • Sat - Sun: 5:00 AM - 5:30 PM PT

San Jose Retirement Planning

If you’re starting to think about retirement, you might be confused as to how everything works. Sure, you don’t have to work anymore but how will you take care of things like your health, your daily needs, taxes, and other expenses? You’re not alone and a Transamerica survey shows that only a little over 50% of 4,550 workers surveyed felt confident they would be able to retire comfortably. If you’re feeling overwhelmed you might want to seek the help of a retirement planner to help you out and San Jose has a good amount of retirement services that can get you going.

Important Retirement Topics To Consider

Planning your retirement can get a little complicated because there are a lot of different factors you need to consider. The Certified Financial Planner Board of Standards suggests that you focus on things like estate planning, long-term care options, health care costs, and your income after you retire.

Perhaps the biggest concern is your income post-retirement because you want to make sure that you have enough to live comfortably. You can start to collect Social Security benefits at the age of 66 and at that time you will get 100% of your monthly benefit. What many seniors don’t realize is that if they can delay getting their payments, even just a year, their monthly benefit increases. For instance, at 67 you could get 108% and waiting until 70 could get you the maximum 132%.

You can also save money by using your savings and retirement accounts wisely. If you withdraw money from these accounts in a certain order, you can lower the amount that you pay in taxes. This is where it is really helpful to hire a retirement planner because they can look at all of your accounts and set up a plan that will protect your money.

You will also need to decide the best time to retire and a planner can help you choose the best time frame. Some people are able to retire right away but for others, it’s better to delay it a few years or retire from their full-time job and still work part-time. In recent years, more and more seniors are deciding to delay their retirement and in California, 4.6% of the total workforce is 65 or older.

Finding A Retirement Planner

Before you start your search, ask your friends and coworkers if they have any referrals and talk with your employer as well. Often, your job will have some type of retirement planning or they can help direct you to a local advisor. There are plenty of Certified Financial Planners in San Jose and these tools can help you find one that’s right for you.

The Certified Financial Planner Board of Standards has a search tool that allows you to look for retirement planners in your area. Just make sure you refine your search after you enter your location so you get financial advisors that handle retirement.

The Prime Buyer’s Report lists the top 10 retirement planners in the San Jose area and you can see their scorecard and reviews. There is also a list of financial groups and publications that can be helpful when looking for an advisor.

The BBB of Los Angeles and Silicon Valley is another good place to go because you can read business reports and user reviews on over 70 different planners in the San Jose area.

Additional Retirement Services In San Jose

If you need more help when it comes to planning your retirement, you can go to AARP- San Jose. This website allows you to see local services and events that can help you plan your retirement and manage your money. You can also find helpful tools online like:

Social security calculator

Retirement calculator

Work and entrepreneur resource center

401(k) savings calculator

There are also articles and online workshops you can view to get more information about your retirement.

Learn more about San Jose Retirement Planning here:

How Much Does It Cost to Retire in San Jose, CA?

What's the Cost of Living in San Jose, CA?

San Jose Financial Advisors

San Jose Elder Law Attorneys

San Jose Senior Realtors

San Jose Senior Movers and Downsizers

San Jose Neighborhood Guide

Live Like a Local in San Jose

San Jose Demographics and Lifestyle

Find assisted living in San Jose near you.