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Retirement Planning

We'll help you take charge of YOUR Financial Future, ensuring a long and happy retirement.

These days, Americans are enjoying longer lives and retirements than ever before.  But greater longevity means greater demand for retirement assets.  Our Florida licensed, Retirement Planning Professionals can help you meet that challenge.

Create a Financial Plan

Consider a financial plan to be the road-map for you financial future.

The plan begins with a summation of your current financial situation including net worth, assets, liabilities, and liquid or working capital.

A solid financial plan recaps the goals that you and your planner have discussed.

Other considerations in a financial plan include: your investment risk tolerance, legal estate planning details, retirement risks and other pertinent present and future financial issues related to your individual situation.

Based upon your expected net worth and future income at retirement, the plan will create simulations of potential best and worst case retirement scenarios. It will look at reasonable withdrawal rates in retirement from your portfolio assets.

Other topics which must be addressed in your financial plan include how much money you will need to meet your desired goals, the possibility of outliving your money and strategies set forth by you and your investment advisor to insure that does not occur.

Retirement Risks

Longevity and the risk of outliving our money is not only the #1 most important risk facing our retirement years, but it is the hardest risk to navigate because all other risks intensify the older we get. Having a solid financial plan and the proper insurances will help to remove:

  • Longevity Risk – the risk of outliving your money.
  • Inflation Risk (Purchasing Power Risk) - the chance that the cash flows from an investment won’t be worth as much in the future because of changes in purchasing power due to inflation.  (Avg. 3% per year)
  • Order of Returns Risk – the risk of receiving lower returns early in a period when withdrawals are made from our investments.
  • Interest Rate Risk – The risk that an investment's value will change due to fluctuations in interest rates.
  • Health Care Risk – the risk of a declining health in our senior years makes having good healthcare insurance imperative.
  • Long-term Care Risk – the cost of long-term care is staggering and the probability of requiring that care is high (72%).

Investment Strategies

The advisor will set up an asset allocation which fits both your risk tolerance and risk capacity. The asset allocation is simply a rubric to determine what percentage of your total financial portfolio will be distributed across various asset classes. The more risk averse individual will have a greater concentration of fixed assets and the risk taker will lean towards more stock assets.

A well balanced portfolio is important and financial products are selected to fit in with the client’s risk profile. For example, a 50 year old man who’s already amassed enough net worth for retirement and is predominantly interested in capital preservation may have a very conservative asset allocation of 45% in stock assets and 55% in fixed assets. Whereas a 40 year old woman with a smaller net worth and a willingness to take on more risk in order to build up her financial portfolio may opt for an asset allocation of 70% stock assets, 25% fixed assets, and 5% alternative investments.

Successful investing starts with a plan. Talk to a professional about how much you need to save for retirement, and make smarter investment decisions.

The Need for Estate Planning

At a person’s demise there are certain typical problems which, if not planned for, create a burden on those who are left behind. Proper estate planning can reduce these problems:

  • Financial Burdens, which include estate settlement costs, probate fees, and death taxes. There are liquidity issues to plan for. Are your assets arranged in a way that allows for enough cash flow to care for your loved ones and pay for the estate settlement costs.
  • Transfer of Asset maybe be subject to probate delays and expense, or assets may be in cumbersome guardianship accounts. Additional death taxes may also become an issue as a result of no pre-death planning.
  • Without planning, estate assets may not pass to the intended heirs
  • Care of minors, including who will be nominated as a guardian for your children.
  • Asset Management and do you have someone chosen to manage the assets that are left