Investing for Retirement Salisbury MD

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.

Mr. Michael Patrick Truitt, CFP®
(410) 860-2795
224 E Main St
Salisbury, MD
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Charitable Giving, Divorce Issues, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mrs. Kimberly S. Magaha, CFP®
(410) 341-0026
1405 Wesley Drive
Salisbury, MD
Firm
Strategic Wealth Management Gr

Data Provided by:
Mr. Robert G. Anderson, CFP®
(410) 912-4286
543 Riverside Dr Ste B
Salisbury, MD
Firm
LPL Financial Services
Areas of Specialization
Investment Management, Retirement Planning, Wealth Management

Data Provided by:
Mr. Mark E Engberg, CFP®
(410) 546-0911
318 East Main Street
Salisbury, MD
Firm
CFS / Comprehensive Financial Solutions
Areas of Specialization
General Financial Planning, Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Lester M. Presley, CFP®
(410) 742-8616
224 East Main St.
Salisbury, MD
Firm
MetLife
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Elder Care, Estate Planning, Insurance Planning, Investment Management, Tax Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Matthew Robins, CFP®
201 East Main Street
Salisbury, MD
Firm
Morgan Stanley Smith Barney

Data Provided by:
Mr. Kevin J. Crooks, CFP®
(410) 548-7249
155 E Carroll St
Salisbury, MD
Firm
M&T Bank

Data Provided by:
Mr. William Stanley Robins, CFP®
(410) 341-7911
201 E Main St
Salisbury, MD
Firm
Morgan Stanley

Data Provided by:
Dennis Hopson, CFP®
(410) 742-3264
1411 Wesley Dr
Salisbury, MD
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, Healthcare Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Bruce W. Robson, CFP®
(410) 546-0911
318 E Main St
Salisbury, MD
Firm
Comprehensive Financial Solutions
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, General Financial Planning, Investment Planning, Retirement Income Management, Retirement Planning, Tax Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

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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