Investing for Retirement Concord NC

You may look at your portfolio today and think you have plenty of money to start giving out gifts to your children in tax-free amounts generally up to $12,000 per year if you are single and $24,000 per year if you are married. But your spending may change in retirement.

Jonie Parks
Matrix Wealth Advisors, Inc.
(800) 493-3323
831 East Morehead Street, Suite 760
Charlotte, NC
Expertises
Advising Medical Professionals, Cash Flow/Budgets/Credit Issues, Planning Concerns for Corporate Executives, High Net Worth Client Needs, Helping Clients Identify & Achieve Goals, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, CFP®

Cheryl Sherrard
Rinehart Wealth Management
(704) 374-0646
521 E. Morehead Street, Suite 580
Charlotte, NC
Expertises
Estate & Generational Planning Issues, Charitable Giving - Trusts & Foundations, Women's Financial Planning Issues, Planning Concerns for Corporate Executives, High Net Worth Client Needs, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, AAMS, ATP, CFP®

Mr. W. Brian King, CFP®
(704) 782-0010
51 Means Ave SE
Concord, NC
Firm
King Financial Corporation
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial Planning

Data Provided by:
Mr. Edmond T. Hartsell, CFP®
(704) 661-5423
131 Louise Dr SE
Concord, NC
Firm
Hartsell & Associates, Inc.
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Legal Professionals

Data Provided by:
Mr. L. Frank Irvin, CFP®
(704) 792-1360
PO Box 462
Concord, NC
Firm
Intercarolina Financial Servic
Areas of Specialization
Investment Management, Investment Planning, Securities
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Giles Almond
Matrix Wealth Advisors, Inc.
(800) 493-3323
831 East Morehead Street, Suite 760
Charlotte, NC
Expertises
Advising Medical Professionals, Ongoing Investment Management, Planning Issues for Business Owners, High Net Worth Client Needs, Charitable Giving - Trusts & Foundations, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CIMA, CPA/PFS

Marilyn Spencer
Rinehart Wealth Management
(704) 374-0646
521 E. Morehead Street, Suite 580
Charlotte, NC
Expertises
Tax Planning, College/Education Planning, Women's Financial Planning Issues, Middle Income Client Needs, Socially Responsible Investments, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, CFP®, EA

Mr. Trent Schloneger, CFP®
(704) 287-7686
845 Church St N Ste 205
Concord, NC
Firm
VALIC Financial Advisors

Data Provided by:
Mr. Robert W. Suddreth, CFP®
(704) 262-2344
868 Church Street North
Concord, NC
Firm
Wells Fargo Bank, N.A.
Areas of Specialization
Asset Allocation, Banking, Charitable Giving, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Bruce G. Spencer, CFP®
(704) 988-5941
2424 Spur Lane
Concord, NC
Firm
TIAA-CREF

Data Provided by:
Data Provided by:

Investing for Retirement

The goal of investing for retirement is to have enough money so you will never run out for your entire lifetime. But how do you guarantee the cash you put away each month will flourish into a beautiful money tree that just keeps sprouting hundreds? And if it does grow forever, how do you ensure your family will have tax-free access in the future? Start by sitting down with your financial advisor to determine what you will need for your future, says Paul Palazzo, managing director of financial planning with L.J. Altfest & Company.

You may look at your portfolio today and think you have plenty of money to start giving out gifts to your children in tax-free amounts generally up to $12,000 per year if you are single and $24,000 per year if you are married. But your spending may change in retirement. For instance, while you are working, you may eat dinner every night at home and vacation twice a year. However, you may want to eat out three times a week and travel four times a year when you retire because you have unlimited time to try new restaurants and go on trips to exotic locales.

It's generally best to give small gifts to your children now and let them wait until inheritance time to get more money, which may or may not require them to pay income tax. This is because there is more than one type of IRA or individual retirement account.

All your IRAs can house your buckets of investments set aside for long-term retirement savings.

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