Investing for Retirement Syracuse NY

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.

Anthony Farella
Rockbridge Investment Management, LLC
(315) 671-0588 X222
101 South Salina Street, Suite 400
Syracuse, NY
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Peter L. Derrenbacker, CFP®
(315) 434-8800
PO Box 4718
Syracuse, NY
Firm
Northwestern Mutual Financial

Data Provided by:
Mr. Joseph M. Lazzaro Jr., CFP®
(315) 425-6362
120 Madison St STE 1900
Syracuse, NY
Firm
AXA Advisors, LLC
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial Planning

Data Provided by:
Mr. Jon A. Law, CFP®
(315) 449-3000
432 North Franklin St.
Syracuse, NY
Firm
Mass Mutual Financial Group

Data Provided by:
Mr. Gregory A. Ronneburger, CFP®
(315) 425-6334
120 Madison St Ste 1900
Syracuse, NY
Firm
AXA Advisors LLC

Data Provided by:
Mr. John J. Kenney, CFP®
(315) 671-1831
PO Box 4718
Syracuse, NY
Firm
Northwestern Mutual
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. R. Andrew Hagen, CFP®
(315) 425-6344
120 Madison St Ste 1900
Syracuse, NY
Firm
AXA Advisors, LLC
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Karl Jacob, CFP®
(315) 472-9127
221 S Warren St
Syracuse, NY
Firm
Dannible & McKee, LLP
Areas of Specialization
Business Succession Planning, Divorce Issues, Education Planning, Estate Planning, Retirement Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
Mr. Jeffrey J. Jock, CFP®
(315) 426-5678
523 Erie Blvd. W.
Syracuse, NY
Firm
Empower Associated Services, Inc.
Areas of Specialization
General Financial Planning

Data Provided by:
Mr. Gary T. Kolodziejczyk Sr., CFP®
(315) 701-4448
115 Solar St Ste 100
Syracuse, NY
Firm
Bonadio Financial Services
Areas of Specialization
Investment Management

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.

Click here to read the rest of the article at SuccessMagazine.com