Savings For Retirement Flagstaff AZ

Our financial expert helps a young investor plan for retirement by creating an investment strategy.

John Stephens
TCI Wealth Advisors, Inc.
(928) 226-0868
150 W. Dale, Suite 1
Flagstaff, AZ
Expertises
Advising Medical Professionals, Planning Issues for Business Owners, Planning Concerns for Corporate Executives, High Net Worth Client Needs, Ongoing Investment Management, Advising Entrepreneurs
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA, MD

Mr. R. Michael Alvey, CFP®
(928) 637-6446
901 N. San Francisco St.
Flagstaff, AZ
Firm
Aspen Financial Strategies, LLC
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Profession: Not Applicable

Data Provided by:
Mr. Mark E. Frank, CFP®
(928) 774-4766
1016 W University Ave Ste 105
Flagstaff, AZ
Firm
Edward Jones
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Wells Fargo - East Flagstaff
(928) 556-9872
2625 N 4Th St
Flagstaff, AZ
Type
Branch
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 09:00 AM-04:00 PM
Sun Closed

Bank of America - Flagstaff Mall Branch
(928) 526-2574
4550 N Highway 89
Flagstaff, AZ
Type
Banking Center
Services
Banking Center Services: Commercial Deposits, Night Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Multi-Check Deposit, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed

Mr. Theodore Dwyer, CFP®
(928) 774-7679
2615 N 4th St
Flagstaff, AZ
Firm
Dwyer Financial
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ms. Keith Todhunter-Schaafsma, CFP®
(928) 774-9598
809 W Riordan
Flagstaff, AZ
Firm
Ascendant Financial Solutions
Areas of Specialization
Investment Management

Data Provided by:
Mr. Thomas R. Pahler, CFP®
(928) 606-5172
1094 N Conifer Rd
Flagstaff, AZ
Firm
TRP Financial

Data Provided by:
Wells Fargo - Flagstaff Mall
(928) 526-7709
4650 N Hwy 89 D3
Flagstaff, AZ
Type
Branch
Office Hours
Mon-Fri 09:00 AM-07:00 PM
Sat 09:00 AM-05:00 PM
Sun Closed

Chase Bank
(928) 779-7351
4830 N Hwy 89
Flagstaff, AZ
Type
Freestanding
Office Hours
Mon:8:30-5:00
Tues:8:30-5:00
Wed:8:30-5:00
Thurs:8:30-5:00
Fri:8:30-6:00
Sat:9:00-1:00
Sun:closed

Data Provided by:

Savings For Retirement

Provided by:

I don't know if you can help me. I may have to be on my own soon. I've saved close to $150K in my personal savings, pension and 403B. I'm 38. I think I have at least 12 years where I can work full-time at the pace I'm going now.

I can save $11,250 per year in my 403B and $6,000 per year in my pension (work pays this), and can save $1,000/month after bills, plus about another $2,500/year due to bonuses and such. Is there any chance I can make it on my own? Will I have enough to retire? How can I learn about investing so that I can make sure I do this wisely?

Thank you,

Pam Silvestri

Dear Pam,

Goal:Retire in 12 years
Progress to goal:Now- $150,000 in savings and investments.
Ongoing-Between you and your employer you anticipate adding to your retirement funding about $31,750.

Bravo for asking about retirement at age 38 and not later. You tell us a little about your situation and it shows that you are an impressive saver. You are doing one of things that is so hard for many people-- saving in a disciplined way.

Will it get you where want to be in 12 years? This is where it gets tricky. What sort of lifestyle are you looking forward to? Is retirement sitting in the backyard and reading? Is it traveling all over the world? One is a lot more expensive than the other

So start with your imagination. What do you imagine yourself doing when you are retired? Will that be a more expensive lifestyle than your current lifestyle? You will have more time available. You will be able to shape your days with a kind of freedom you might not have experienced since childhood. It is a golden opportunity to explore your interests...


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