Whether you're already retired, close to it or just getting started in your career, it's never too early to start thinking about retirement planning. Unfortunately, for many people life gets in the way and retirement planning is put on the back burner, until suddenly, retirement is right around the corner.
Some of the benefits of starting your retirement planning now instead of later include:
The key to successful retirement planning is an understanding of your current financial situation, projecting future needs and developing a plan to guide you towards your goals. Some question you need to ask yourself regarding retirement even if you've already started saving for retirement are: Are you saving enough to live the lifestyle you want? Are your income expectations realistic? Is your money invested in the right retirement plan for you? When was the last time you checked your asset allocation?
Tax rules regarding retirement plans are complex. Each benefit plan has specific requirements as outlined by the IRS and not every plan can be used by everyone. For example, contributions limits vary by the type of plan, your income and your age. Some plans may require withdrawals at a certain age, while others have no age limit. Some withdrawals are taxed at retirement, whereas others are tax free. You'll need to understand the tax implications of your retirement planning choices.
That's why it's best to use a tax professional like KPR and Associates. When you use our retirement planning services, you benefit from our in-depth knowledge and years of retirement planning experience.
Here's what we do for you:
There's no time like the present to start planning your financial future. If you're ready to start planning for your retirement years, call us now. Don't wait until it is too late. We'll help you make sure your retirement years are nothing but smooth sailing ahead.
At KPR and Associates, we've been serving the accounting needs of Pleasant Hill, CA and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.
Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.
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