Retirement Planning Murrells Inlet SC

Like the pre-bandit me, many singles save little because they have only themselves to worry about when in fact, planning is even more crucial for singles because they must face every financial challenge independently. During my disaster recovery, I learned some money management tips (and other safety tips) that I think every single should consider.

Joe Taylor
Oak Street Advisors
(843) 946-9868
1335 44th Avenue N, Suite 203
Myrtle Beach, SC
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor

Mr. Michael D. Farish, CFP®
1410 Hwy 17 N
Surfside Beach, SC
Firm
BB&T Scott & Stringfellow

Data Provided by:
Nadejda Kostova, CFP®
(843) 293-3463
4871 Socastee Blvd Unit C
Myrtle Beach, SC
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues

Data Provided by:
Mr. David G Wurster, CFP®
(843) 712-2752
1200 48th Ave N Unit 102
Myrtle Beach, SC
Firm
Palmetto Coast Capital, LLC
Areas of Specialization
Comprehensive Financial Planning, Insurance Planning, Investment Management, Wealth Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Mr. David Richard Crumpler, CFP®
(843) 448-8334
4728 Jenn Dr
Myrtle Beach, SC
Firm
Smith Sapp Bookhout Crumpler &

Data Provided by:
Ms. Laura A. Mayer, CFP®
(843) 651-9515
5187 Horry Drive
Murrells Inlet, SC
Firm
Lawlor & Brady, LLC
Areas of Specialization
General Financial Planning, Retirement Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: Not Applicable



Data Provided by:
Mr. David Wyatt Sage, CFP®
(843) 232-8383
1015 16th Ave NW
Surfside Beach, SC
Firm
Sage & Bell, PA

Data Provided by:
Mr. Michal Kovac, CFP®
(843) 918-7607
2619 N Oak St Fl 3
Myrtle Beach, SC
Firm
Scott & Stringfellow
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Investment Management, Investment Planning, Life 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. Barry S. Capps, CFP®
(843) 444-0306
2411 N Oak St
Myrtle Beach, SC
Firm
Ameriprise Financial Services

Data Provided by:
April Gloyd Messimer, CFP®
(843) 946-2027
2024 Corporate Centre Dr Ste 301
Myrtle Beach, SC
Firm
Merrill Lynch Capital Services Inc
Areas of Specialization
Asset Allocation, Banking, Budget Development, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Data Provided by:

Start Saving Strategies to Secure Your Finances

My first five years in New York, I led a good single life. Working as a technology and business consultant, I earned a nice salary which allowed me to enjoy nice dinners with friends, spend frivolously and not think twice about large purchases.

I was spoiled by a solid job market within a bullish industry and did not max out my 401k let alone contribute to it nor did I set up a savings account despite the consistent pleading of my parents.

Then a move uptown came when the movers politely drove away with every last item I owned, never to be seen again. It may be hard to comprehend but a robbery was one of the most valuable life lessons I ever received.

Like the pre-bandit me, many singles save little because they have only themselves to worry about when in fact, planning is even more crucial for singles because they must face every financial challenge independently. During my disaster recovery, I learned some money management tips (and other safety tips) that I think every single should consider:

1. Learn to live within your means:
Whether it is expensive purses or the latest must have electronic gadget, many singles tend to spend beyond their means. To live with a moderate mindset, learn to make conscious and realistic purchasing decisions. Keep track of spending in a journal and make smart adjustments on a regular basis. Your new found awareness will allow you to differentiate must-have purchases from those which are indulgences, keeping expenses at bay.

2. Set up an emergency fund: No one should ever have to deal with a robbery but face it, bad things happen all the time. Better to be on the safe side by stashing away some cash (at three to six months' income) in a high-yield savings account. Remember these monies are a safety net, so do not spend them on "shoegasms" no matter how good it might feel. The best way to avoid temptation? Leave those credit cards at home!

3. Be on top of bills: Timely payment is important but you must also be sure to review monthly statements from services and credit card providers. These days, you never know who has tapped into your accounts! So look out for cash discrepancies based on your monthly deposits and withdrawals as well as faulty expenses that may be charged to your account.

4. Keep Records Straight: Invest in a file folder and keep a copy of every receipt, warrantee, invoice or financial and medical statement you receive. This way you will be able to return items that have gone faulty, dispute fraud charges and be on top of deductions when it comes time to pay taxes. And though we don?t wish it upon anyone, be able to prove insurance claims should the time come.

5. Max Out on Your 401k: Start investing for retirement! Maximizing use of your employer's retirement plan or starting a simplified employee pension plan (SEP) if you're self-employed is important for singles as a way to save for their future while getting a valuable tax break in the bargain.

 

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