Early Distribution from Retirement Funds Wilmington NC

Most people view retirement planning in Wilmington as a lifelong savings project to reach some point in their later years when they can completely give up work and then do the activities they enjoy most. This has, and remains the traditional way for most people. There have been changes in that philosophy at a much greater rate in recent years.

Ed Taylor
Taylor Financial
(910) 256-8818
1213 Culbreth Drive
Wilmington, NC
Expertises
Hourly Financial Planning Services, Retirement Plan Investment Advice, Ongoing Investment Management, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Christopher S. Jones, CFP®
(910) 791-1437
2601 Iron Gate Dr
Wilmington, NC
Firm
IronGate Partners Inc

Data Provided by:
Mr. Stephen W. Gaskins, CFP®
(910) 509-3800
5603 Harvest Grove Ln
Wilmington, NC
Firm
Old North State Trust, LLC

Data Provided by:
Mr. David R. Hartness, CFP®
(910) 791-1437
2601 Iron Gate Dr
Wilmington, NC
Firm
IronGate Partners, Inc.

Data Provided by:
Mr. Richard P Frazier, CFP®
(919) 260-9682
7417 Promontory Ct
Wilmington, NC
Firm
Frazier Financial Consultants
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Ms. Lynne L. Trotta, CFP®
6312 Shinn Creek Lane
Wilmington, NC
Firm
Lynne LaFontaine Trotta
Areas of Specialization
Education Planning

Data Provided by:
Mr. David Haden Ii, CFP®
(910) 301-2710
6813 Finian Dr
Wilmington, NC
Firm
VALIC Financial Advisors, Inc
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided by:
Mr. Todd E Reiner, CFP®
4300 Sunset Woods Ct
Wilmington, NC
Firm
NC SECU

Data Provided by:
Mrs. Barbara R. Fleming, CFP®
(910) 367-3293
105 Brascote Ln
Wilmington, NC
Firm
PUBLIC RELATIONS & EDUCATIONAL

Data Provided by:
Mr. John Brantley Zachary, CFP®
(910) 793-0616
4018 Oleander Dr Ste 2
Wilmington, NC
Firm
Pathfinder Wealth Consulting
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Investment Management, Retirement Planning, Risk Management, Small Business Planning, Tax Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000



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Early Distribution from Retirement Funds

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A New Way Of Looking At Retirement Planning

Author: Cheryl Marland

Most people view retirement planning as a lifelong savings project to reach some point in their later years when they can completely give up work and then do the activities they enjoy most. This has, and remains the traditional way for most people. There have been changes in that philosophy at a much greater rate in recent years. For some people the idea of accumulating such a large sum of money just seems impossible, therefore they are breaking the project down into more manageable levels.

But, the first way to examine this newer view on retirement is to question the whole idea of ONE retirement. Why wait, many ask? Why not have a number of “mini-retirements” along the way?

A mini-retirement can mean anything from a few weeks off doing something completely new, to a few months of actually living in an exotic location or city.

The idea is to do the things you have always wanted to do before you are too old and risk never getting the opportunity.

As for the funding to do this, well you may have to re-think that as well. The first exercise you must engage in is a careful examination of what you actually need on a monthly basis to live on and live out your mini-retirement. In doing this you probably see a lot of segments of your lifestyle where you can economize or simplify in order to more readily achieve your mini-retirement goals.

For instance, are you finding you are house-poor? Maybe you could downsize your living arrangements and expenses drastically. After all, you are going someplace new on your mini-retirement…who needs those extra burdens!

Once you have a figure you can live with for a monthly income, you need to start working on ways to generate income that has little to do with spending your time to get a paycheck. You should try to find a way to generate income in such a way that it can quickly be repeated and repeated again. Selling a product on the Internet is one growingly popular method.

If you can think creatively about how to generate that monthly figure in as efficient way as possible, retirement planning may take on a whole new meaning.

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