What are some popular services for retirement planning?

Retirement planning services offered by a retirement planner in Akron, OH are comprehensive and tailored to the specific needs of each client. The planner can assist with developing a retirement savings plan, including investment strategies and risk management. They can also provide guidance on Social Security benefits and Medicare enrollment. Akron, OH, known for its rich history in the rubber industry, presents unique challenges for retirees, such as navigating the changing economic landscape and potential healthcare costs. The planner can help address these challenges and create a personalized retirement plan that takes into account the local economic climate and the client's individual goals and needs. With their bursty and complex approach, the planner can provide clients with a holistic view of their retirement and help them achieve financial security in their golden years.

What are people saying about retirement planning services in Akron, OH?

Akron, OH is the ideal location to seek out a retirement planner due to its thriving financial industry. The city has a plethora of financial institutions and advisory firms that specialize in retirement planning. The diverse range of financial professionals in Akron, OH can cater to the specific needs of retirees, whether it be estate planning or investment management. Furthermore, Akron, OH has a lower cost of living compared to other major cities, which means retirees can stretch their retirement savings further. The city also has a strong sense of community, which fosters trust and reliability in financial advisors. Overall, Akron, OH's financial industry, affordability, and sense of community make it the perfect place to seek out a retirement planner.

What does a retirement planner do?

A retirement planner in Akron, OH is responsible for helping individuals and couples plan for their financial future after they retire. This involves analyzing their current financial situation, creating a budget, and developing a plan to maximize their retirement income. Akron, OH is a city known for its diverse economy, with industries ranging from healthcare to advanced manufacturing. As such, a retirement planner in Akron must have a deep understanding of the local job market and economic trends to help their clients make informed decisions about their retirement savings. Additionally, they must be well-versed in the tax laws and regulations that apply to retirees in Ohio, including the state's unique tax treatment of Social Security benefits. With their expertise and knowledge of the local market, a retirement planner in Akron, OH can help their clients achieve a comfortable and financially secure retirement.

When should you get a retirement planner?

Akron, OH residents should seek the guidance of a retirement planner when they are nearing retirement age or have already retired. With Akron being a city that has a large population of baby boomers, it is crucial for individuals to plan for their retirement to ensure a financially secure future. Retirement planning can be a complex process that involves evaluating one's current financial situation, identifying retirement goals, and developing a personalized plan to achieve those goals. A retirement planner can help Akron residents navigate the complexities of retirement planning, including tax implications, investment strategies, and estate planning. By working with a retirement planner, Akron residents can ensure that they are making informed decisions and taking the necessary steps to achieve a comfortable retirement.

How do I choose the right retirement planner?

A successful retirement planner in Akron, OH must possess a plethora of important qualities to ensure their clients' financial security. Firstly, they must have a deep understanding of the local economy and the unique challenges faced by retirees in Akron. For instance, the city's aging population and high healthcare costs require a retirement planner to have extensive knowledge of Medicare and Medicaid. Additionally, they must be able to communicate complex financial concepts in an easily understandable way to their clients. This requires excellent communication skills and a patient demeanor. Furthermore, a good retirement planner must be able to adapt to changing market conditions and adjust their strategies accordingly. They must stay up-to-date with the latest financial trends and be able to anticipate potential risks. Lastly, a successful retirement planner must possess a strong ethical compass and always act in their clients' best interests. Trust and integrity are crucial in this field, and a planner who prioritizes these values will undoubtedly thrive in Akron's competitive financial landscape.

What are the best retirement plan providers in Akron, OH?

Akron, OH is home to some of the top retirement plan providers in the region. These providers offer a wide range of services and products to help individuals and businesses plan for their retirement years. One such provider is the Akron-based company, Retirement Strategies, Inc. This company has been helping clients plan for their retirement for over 30 years and offers a variety of retirement planning options, including 401(k) plans, IRAs, and pension plans. Another top provider in Akron is the company, The Retirement Group, which specializes in helping employees of large corporations plan for their retirement. The city of Akron is known for its strong manufacturing industry, and these retirement plan providers have tailored their services to meet the unique needs of this industry. With their bursty and complex offerings, these providers are helping Akron residents secure their financial future in retirement.

How do retirement planners get paid?

Retirement planners in Akron, OH receive compensation in various ways. Some planners charge a flat fee for their services, while others receive commissions on the financial products they sell. A common method of compensation is a percentage of the assets under management. This means that the planner earns a percentage of the total amount of money they manage for their clients. In Akron, OH, retirement planners may also receive compensation through a combination of these methods. However, it's worth noting that Akron, OH has a unique retirement planning landscape due to its diverse population. Retirement planners in Akron, OH must be able to cater to the needs of individuals from different backgrounds and income levels, which requires a high level of skill and expertise.

Find the Best Retirement Planning Services in Akron, OH

Get Help with Planning for Retirement

List of Firms

Top Retirement Planners in Akron, OH

1858wm.com

5 out of 5

3250 W Market St Suite 105, Akron, OH 44333, USA

http://1858wm.com/

Directions

Walnut Ridge Management

1 Gojo Plz # 350, Akron, OH 44311, USA

(234) 678-3900

Directions

The Milestone Center for Retirement & Estate Planning

SEC File# 801-71349

CRD# 146384

2780 S Arlington Rd Suite 201, Akron, OH 44312, USA

(330) 644-0284

Directions

Huntington Wealth Service

Akron, OH 44308, USA

Directions

Jason Netherton - Private Wealth Advisor, Ameriprise Financial Services, LLC

3333 Massillon Rd Ste 110, Akron, OH 44312, USA

(330) 628-8061

https://www.ameripriseadvisors.com/jason.m.netherton/?cid=IP_local_google

Directions

About Akron, OH for Those Planning to Retire

Akron, OH is a vibrant city in the heart of Ohio that boasts a variety of landmarks, top employers, major highways and streets, and unique neighborhoods. From the iconic Goodyear Blimp to the historic Stan Hywet Hall and Gardens, Akron is full of must-see attractions. The city is also home to major employers such as Goodyear Tire and Rubber Company, Akron Children's Hospital, and Akron General Medical Center. Major highways such as I-77 and I-76 run through the city, making it easily accessible from all directions. Akron's neighborhoods are diverse and offer something for everyone, from the trendy Highland Square to the historic Firestone Park. Whether you're a visitor or a resident, Akron is a city that is sure to impress with its burstiness and complexity.

Nearby Locations

Allen County, OH Ashland, OH Aurora, OH Beachwood, OH Beavercreek, OH Blue Ash, OH Brooklyn, OH Bucyrus, OH

Other Financial Planning Services for Retirement

Banks and Credit Unions

Residents of Akron, OH can benefit from a bank in several ways. For instance, they can access loans to start or grow their businesses, which is essential for the city's economy. Akron is home to several manufacturing companies, including Goodyear Tire & Rubber, which employs a significant number of residents. Therefore, a bank can provide business loans to these companies, enabling them to expand and create more jobs. Additionally, banks can offer financial education to residents, which is crucial, considering that Akron has a poverty rate of 22.5%. By providing financial literacy programs, banks can help residents learn how to manage their finances better, save money, and avoid predatory lending. Furthermore, a bank can offer mortgage loans to residents looking to buy homes in Akron. This can help boost the city's real estate market, increase property values, and provide affordable housing options for residents.

Insurance Broker

Residents of Akron, OH can benefit from the expertise of an insurance broker in many ways. For example, an insurance broker can help Akron residents navigate the complex world of health insurance, particularly given the high prevalence of chronic diseases like diabetes, heart disease, and cancer in the region. Additionally, an insurance broker can help Akron residents find affordable home insurance coverage in light of the frequent severe weather events that impact the area, such as tornadoes and heavy snowfall. Furthermore, an insurance broker can assist Akron residents in finding the right auto insurance coverage to protect them on the city's busy roads, which are known for their high traffic volume and frequent accidents. With an insurance broker's guidance, Akron residents can rest assured that they have the protection they need to weather any storm.

Wealth Management

Residents of Akron, OH can benefit greatly from the services of a wealth manager. With the city's economy heavily reliant on manufacturing and healthcare industries, a wealth manager can help individuals navigate the complexities of these sectors and make informed investment decisions. Additionally, Akron's aging population may require assistance with retirement planning and estate management. A wealth manager can provide guidance on creating a comprehensive financial plan that includes retirement savings, healthcare costs, and legacy planning. Furthermore, Akron's diverse population may require specialized investment strategies that take into account cultural and religious beliefs. A wealth manager can provide customized solutions that align with an individual's values and goals. Ultimately, a wealth manager can help Akron residents achieve financial security and peace of mind, regardless of their unique circumstances.

Financial Advisor

Residents of Akron, OH could benefit from the guidance of a financial advisor in several ways. Firstly, Akron has a diverse economy with a mix of manufacturing, healthcare, and education industries. A financial advisor can help residents navigate the complexities of these industries and identify investment opportunities that align with their financial goals. Secondly, Akron has a high poverty rate, with over 20% of residents living below the poverty line. A financial advisor can assist in creating a budget, setting financial goals, and developing a plan to achieve those goals. Additionally, Akron has a large retiree population, and a financial advisor can help retirees manage their retirement savings and plan for long-term care. Finally, Akron is home to several universities and colleges, and a financial advisor can provide guidance to students and their families on how to finance higher education and manage student loan debt. Overall, a financial advisor can offer valuable support to Akron residents in achieving financial stability and security.

Mortgage Loan Officer

Residents of Akron, OH can greatly benefit from the services of a mortgage loan officer. These professionals can help individuals secure financing to purchase their dream homes, whether they are first-time buyers or experienced homeowners. They can also assist with refinancing existing mortgages to lower interest rates and monthly payments. Akron, OH is a city with a diverse population, and mortgage loan officers can help those with unique financial situations, such as low credit scores or limited income, find solutions that work for them. In addition, with the city's growing economy and job market, mortgage loan officers can help residents take advantage of opportunities to invest in real estate and build wealth for their future. Overall, the expertise and guidance of a mortgage loan officer can make the home buying process smoother and more manageable for Akron residents.

Tax Services

Residents of Akron, OH can benefit from the expertise of a tax advisor in various ways. One of the most common ways is by receiving guidance on tax planning and preparation. Akron is home to a diverse range of industries, including healthcare, manufacturing, and education. As such, residents may have complex tax situations that require a professional's assistance. A tax advisor can help individuals navigate the tax code, identify deductions and credits, and ensure compliance with local and state tax laws. Additionally, a tax advisor can provide advice on retirement planning, estate planning, and investment strategies. With the help of a tax advisor, Akron residents can make informed decisions that can have a positive impact on their financial future.

Estate Planning Lawyer

Residents of Akron, OH can benefit from the services of an estate planning lawyer in many ways. For instance, an estate planning lawyer can help Akron residents create a will that outlines how their assets should be distributed after their death. This is particularly important in Akron, OH, where the median home value is $72,500, and the median household income is $38,776. Additionally, an estate planning lawyer can help Akron residents set up trusts to protect their assets from creditors or lawsuits. Furthermore, an estate planning lawyer can assist Akron residents in establishing a power of attorney, which allows them to appoint someone to make decisions on their behalf in case they become incapacitated. Overall, an estate planning lawyer can help Akron residents ensure that their wishes are respected and their assets are protected, providing peace of mind for themselves and their loved ones.