Retirement Planning in Shelby, NC

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Top Retirement Planners in Shelby, NC

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Brookdale Shelby
5 out of 5
Location 1425 E Marion St, Shelby, NC 28150, USA
Phone (704) 481-0150
Directions
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Edward Jones - Financial Advisor: Stephen L Price, AAMS™
5 out of 5
Location 1105 E Dixon Blvd Suite 4, Shelby, NC 28152, USA
Phone (704) 484-9189
Directions
SEC File# 801-69815
CRD# 149018
Location 310 E Graham St Ste 2, Shelby, NC 28150, USA
Phone (704) 481-0101
Directions
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TerraBella Shelby
4 out of 5
Location 1550 Charles Rd, Shelby, NC 28152, USA
Phone (980) 247-2731
Directions
Retirement Planning in Shelby, NC

About Shelby, NC for Those Planning to Retire

Shelby, NC is a charming city that boasts a rich history and a vibrant community. The city is home to several landmarks, including the Earl Scruggs Center, which celebrates the life and legacy of the famous bluegrass musician. Another notable landmark is the Cleveland County Courthouse, a stunning example of neoclassical architecture that has been in use since 1907. When it comes to top employers, Shelby is home to a diverse range of businesses, including healthcare providers like Cleveland Regional Medical Center and manufacturing companies like KSM Castings. Other major employers in the area include PPG Industries, Duke Energy, and Wal-Mart. The city is conveniently located near several major highways, including I-85 and US-74, making it easy to travel to nearby cities like Charlotte and Asheville. Shelby is also home to several major streets, including Lafayette Street, which is lined with charming shops and restaurants, and Warren Street, which features several historic homes and buildings.

Other Financial Planning Services for Retirement

Banks and Credit Unions

Residents of Shelby, NC can benefit from a bank in several ways. Firstly, the bank can provide financial assistance to residents looking to purchase a home in the area. Shelby, NC is known for its affordable housing options, and a bank can help residents secure a mortgage with favorable terms. Additionally, the bank can offer small business loans to entrepreneurs looking to start or expand their businesses in Shelby. This is particularly important as Shelby is home to several small businesses that contribute to the local economy. Furthermore, the bank can provide financial education and resources to help residents better manage their finances and plan for their future. With a poverty rate of 20.6%, many residents in Shelby may benefit from financial education and resources to help them improve their financial situation. Overall, a bank can play a vital role in helping residents of Shelby, NC achieve their financial goals and improve their quality of life.

Insurance Broker

Residents of Shelby, NC can benefit from an insurance broker in numerous ways. For instance, an insurance broker can help residents navigate the complex world of insurance policies and find the best coverage for their unique needs. With the high rate of natural disasters in Shelby, such as hurricanes and tornadoes, an insurance broker can help residents secure adequate insurance coverage to protect their homes and businesses. In addition, an insurance broker can assist residents in finding affordable health insurance plans that offer comprehensive coverage. Given the high poverty rate in Shelby, which is higher than the national average, an insurance broker can help residents access government-subsidized health insurance programs like Medicaid. Overall, an insurance broker can provide invaluable assistance to residents of Shelby, NC by helping them find the right insurance coverage to protect themselves and their assets.

Wealth Management

Residents of Shelby, NC can benefit from the expertise of a wealth manager in several ways. One specific example is that a wealth manager can help Shelby residents navigate the complex tax laws in North Carolina. The state has a progressive income tax system, with rates ranging from 5.25% to 7.5%, and a sales tax of 4.75%. A wealth manager can help residents minimize their tax liabilities by identifying deductions and credits that they may be eligible for, such as the state's child tax credit or the deduction for charitable contributions. Additionally, a wealth manager can help Shelby residents create a comprehensive financial plan that takes into account their unique goals and circumstances, such as saving for retirement, paying for college, or buying a home. By working with a wealth manager, Shelby residents can feel confident that they are making informed financial decisions that will help them achieve their long-term goals.

Financial Advisor

Residents of Shelby, NC could benefit from the expertise of a financial advisor in a variety of ways. With a median household income of $38,000, many individuals may struggle with managing their finances and planning for the future. A financial advisor could assist with creating a budget and finding ways to save money, such as taking advantage of tax credits for homeownership or investing in a retirement account. Additionally, Shelby is home to a diverse range of industries, including textiles, healthcare, and education. A financial advisor could help individuals navigate the complexities of their specific industry and create a financial plan tailored to their unique needs. Furthermore, with a poverty rate of 22.8%, many residents may benefit from financial education and resources to help them improve their financial situation. A financial advisor could provide guidance on financial literacy and assist with accessing community resources to help individuals achieve financial stability.

Mortgage Loan Officer

Residents of Shelby, NC can benefit from the expertise of a mortgage loan officer in a variety of ways. One specific example is that they can assist with navigating the unique housing market in Shelby, which has experienced a recent uptick in demand due to its proximity to Charlotte and the surrounding areas. A mortgage loan officer can help residents understand the various types of loans available to them, including those specifically tailored to first-time homebuyers or those with lower credit scores. They can also provide guidance on the local real estate market and help residents find properties that fit their budget and needs. Additionally, a mortgage loan officer can help residents understand the complex financial aspects of purchasing a home, such as closing costs and mortgage insurance. Overall, working with a mortgage loan officer can make the home buying process in Shelby more manageable and less stressful for residents.

Tax Services

Residents of Shelby, NC can greatly benefit from the assistance of a tax advisor. The most common ways a tax advisor can help the residents of Shelby, NC include providing guidance on tax planning, helping to reduce tax liability, and ensuring compliance with tax laws. Specifically, Shelby, NC is a city with a diverse economy that includes manufacturing, healthcare, and retail industries. As a result, tax advisors can provide specialized guidance on tax strategies for businesses in these industries, such as identifying tax credits and deductions related to research and development, healthcare expenses, and inventory management. Additionally, tax advisors can assist residents with complex tax situations, such as those related to rental properties or self-employment income. By working with a tax advisor, residents of Shelby, NC can ensure that they are maximizing their tax savings and avoiding costly mistakes.

Estate Planning Lawyer

Residents of Shelby, NC can greatly benefit from the services of an estate planning lawyer. Specifically, an estate planning lawyer can assist Shelby residents in creating a comprehensive plan for the distribution of their assets after death. This can include drafting a will, establishing trusts, and designating beneficiaries. Additionally, estate planning lawyers can help Shelby residents navigate complex tax laws and minimize tax liabilities for their heirs. In a city like Shelby, where the population is largely made up of retirees and working-class families, having a solid estate plan can provide peace of mind and ensure that loved ones are taken care of in the event of unexpected circumstances. Therefore, seeking the guidance of an experienced estate planning lawyer can be a wise investment for residents of Shelby, NC.

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