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Retirement Planning

Retirement Planning in Claremont, CA

Retirement is considered by many to be the ultimate goal of a successful career. You put your years in, worked hard, and get to enjoy your time how you see fit with the financial freedom that comes with astute retirement planning.

Whether you’ve always dreamed of traveling, learning new skillsets, or just spending time with the people that matter most to you, this is when your life becomes your own.

Claudia Topete, CPA helps the people of Claremont, CA, and the surrounding communities plan for their future with expert retirement planning. With Claudia’s experience and guidance, you’ll be able to rest assured knowing that when the time comes, you’ll have the financial security you need.

How Does Retirement Work?

A variety of methods are available for people to remain financially stable after leaving the workforce. The most common is baked right into the taxes you pay.

Social Security is a pooled collection of American workers’ income taxes that you are granted access to at the age of 62. The size of your disbursements is based on the amount you earned, and therefore paid into Social Security, before retirement.

Other common forms of retirement planning include 401(k)s, IRAs, and their Roth counterparts. Claudia Topete, CPA analyzes your income and assets and helps you decide on the best plan for your situation.

Individual Retirement Accounts

An Individual Retirement Account, or IRA, is a plan that allows you to defer earned income into a portfolio of investments. These investments then grow tax-free until withdrawn, at which time the total taxes are paid.

The amount you can put into an IRA has an annual maximum, and upon retirement age, minimum distributions are required.

Roth IRAs operate with only a minor difference. They are not subject to minimum disbursements and can be left to continue growing for as long as you desire.

 401(k) Plans

A 401(k) is a savings program established by an employer. A portion of your pre-tax income is automatically deferred into the plan, up to the annual legal limit. This income is funneled into an investment portfolio, becoming available at the age defined in the terms.

As of 2006, Roth 401(k)s have become available as an alternative. This plan allows you to pay taxes on the funds upfront instead of when they are needed later in life.

Retirement Planning Services in Claremont, CA

Claudia Topete, CPA recognizes the importance of a strong retirement plan, and ascertaining your individual goals and needs is the first step in developing that strategy. Cost of living, entertainment, vacations, even remodels and renovations should be taken into account.

Whatever your plans are, Claudia Topete, CPA gives you the one-on-one guidance you need to ensure your future.

Secure Your Financial Future Today

Claudia Topete, CPA offers expert retirement planning services to the people of Claremont, CA, as well as the communities of Alhambra, San Gabriel, and the greater Los Angeles area.

For a free consultation, contact our office today!

Call Us: (909) 741-7897 Get Your Consultation

We take care of your books for you, so you can get back to the job of running your business and generating profits.
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We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
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We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.
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We offer one-on-one guidance and a comprehensive financial plan that helps manage risk, improve performance, and ensure the growth and longevity of your wealth.
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© Claudia Topete, CPA 2021