Retirement Planning in Locust Valley, NY

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List of Firms

Top Retirement Planners in Locust Valley, NY

RPG Consultants
5 out of 5
Location 181 S Franklin Ave #202, Valley Stream, NY 11581, USA
Phone (212) 947-4800
SEC File# 801-72137
CRD# 25853
Location 230 Birch Hill Rd, Locust Valley, NY 11560, USA
Phone (516) 671-4023
Gallego Financial Group of Raymond James
5 out of 5
Location 67 W Main St, Oyster Bay, NY 11771, USA
Phone (516) 922-4200
David R. Dorfman & Associates, LLC
Location 27 The Plaza #G, Locust Valley, NY 11560, USA
Phone (516) 676-5400
SEC File# 801-110136
CRD# 126976
5 out of 5
Location 21 Cedar Swamp Rd #4, Glen Cove, NY 11542, USA
Phone (516) 759-7400
Retirement Planning in Locust Valley, NY

About Locust Valley, NY for Those Planning to Retire

Locust Valley, NY is a charming village located on the North Shore of Long Island. This idyllic community boasts several landmarks, including the historic John P. Humes Japanese Stroll Garden, which is a tranquil oasis of koi ponds and Japanese maples. Another notable attraction is the Planting Fields Arboretum State Historic Park, which features sprawling gardens and a magnificent mansion. Top employers in Locust Valley include the Locust Valley Central School District, which provides quality education to the community, and the Locust Valley Market, a popular grocery store that offers fresh produce and gourmet items. The village is also home to several small businesses, including boutiques, restaurants, and professional services. Major highways and streets in the area include Route 25A, which runs through the heart of Locust Valley and connects it to neighboring towns and cities. Additionally, the Northern State Parkway and the Long Island Expressway are easily accessible from the village, providing convenient transportation options for commuters.

Other Financial Planning Services for Retirement

Banks and Credit Unions

Residents of Locust Valley, NY can benefit from a bank in several ways. Firstly, they can take advantage of the bank's loan services to fund their home renovation projects, which is a common activity in the area due to the high property values. Additionally, the bank's investment services can help residents grow their wealth and plan for their retirement, which is crucial in a town where the median age is 43. Another specific way that a bank can assist Locust Valley residents is by providing online banking services, as many of them are busy professionals commuting to New York City and need a convenient way to manage their finances on the go. Lastly, the bank's credit card services can help residents earn rewards on their everyday purchases, which is especially beneficial for those who frequently shop at the local boutiques and restaurants that make Locust Valley a unique and charming community.

Insurance Broker

Residents of Locust Valley, NY can benefit from the services of an insurance broker in various ways. For instance, an insurance broker can help them find the most suitable insurance policies for their unique needs and budget. This is particularly important in Locust Valley, NY, where the cost of living is relatively high due to its proximity to New York City. With the help of an insurance broker, residents can secure affordable and comprehensive insurance coverage for their homes, cars, businesses, and other assets. Additionally, insurance brokers can assist residents in navigating the complex world of insurance by providing them with expert advice, guidance, and support. This can be especially helpful for residents who may not have the time or expertise to research and compare different insurance options on their own. Overall, an insurance broker can be a valuable asset for residents of Locust Valley, NY, helping them to protect their assets, save money, and achieve peace of mind.

Wealth Management

Residents of Locust Valley, NY, a village in Nassau County, would benefit greatly from the services of a wealth manager. With a median household income of $157,500, Locust Valley is known for its affluent community and high standard of living. A wealth manager could assist residents in managing their finances, investments, and assets, ensuring that they are well-positioned to maintain their current lifestyle and plan for their future. With the complexities of estate planning, tax management, and investment strategies, a wealth manager can provide the expertise necessary to navigate these areas successfully. Additionally, with the village's proximity to New York City, many residents may have unique financial needs related to their careers or investments in the city, which a wealth manager can help address. Overall, a wealth manager can provide invaluable support to the residents of Locust Valley, NY, as they strive to maintain and grow their wealth.

Financial Advisor

Residents of Locust Valley, NY can benefit from the guidance of a financial advisor in several ways. One of the most common ways is in the management of their investments, as many Locust Valley residents have a high net worth and are looking to preserve and grow their wealth. Additionally, a financial advisor can provide advice on tax planning strategies, which is especially important in New York State where taxes can be high. Another area where a financial advisor can be helpful is in estate planning, as Locust Valley is known for its historic estates and large properties. A financial advisor can assist in creating an estate plan that ensures the smooth transfer of assets to future generations. Furthermore, with the proximity to New York City, many Locust Valley residents may have complex financial situations such as stock options or restricted stock units, which a financial advisor can help navigate. Overall, a financial advisor can provide invaluable assistance to residents of Locust Valley, NY in managing their finances and achieving their financial goals.

Mortgage Loan Officer

Residents of Locust Valley, NY would greatly benefit from the expertise of a mortgage loan officer. With the median home value in Locust Valley being $1.4 million, it can be challenging for residents to secure a mortgage loan that fits their financial needs. A mortgage loan officer can guide residents through the complex process of obtaining a mortgage loan, including providing information on interest rates, loan options, and down payment requirements. Additionally, with the unique geography of Locust Valley being situated on the North Shore of Long Island and surrounded by water, a mortgage loan officer can assist residents in navigating the intricacies of flood insurance requirements and other coastal property considerations. Overall, a mortgage loan officer can provide invaluable support to residents of Locust Valley looking to purchase or refinance a home.

Tax Services

Residents of Locust Valley, NY can benefit from the expertise of a tax advisor in a multitude of ways. One of the most common ways is through the optimization of tax deductions and credits. Locust Valley is known for its affluent population and high property values, which can result in complex tax situations. A tax advisor can help residents navigate these complexities and identify deductions and credits that they may have overlooked. Additionally, a tax advisor can provide guidance on investment strategies that can minimize tax liability. With the recent changes to tax laws, it's more important than ever for Locust Valley residents to seek the advice of a tax professional to ensure they are maximizing their tax benefits and minimizing their tax burden.

Estate Planning Lawyer

Residents of Locust Valley, NY can benefit from the services of an estate planning lawyer in various ways. One of the most common ways is by helping them create a comprehensive estate plan that takes into account their unique financial and family situations. This includes drafting a will, establishing trusts, and designating beneficiaries for retirement accounts and life insurance policies. Given that Locust Valley is an affluent community with a high median household income, many residents may have complex assets such as multiple properties, businesses, and investments, which require special attention and planning. Additionally, an estate planning lawyer can assist with minimizing estate taxes, ensuring that assets are distributed according to the client's wishes, and providing guidance on end-of-life care and medical decisions. With the help of an experienced estate planning lawyer, residents of Locust Valley can have peace of mind knowing that their assets and loved ones are protected.


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