Many retirees known as “Snowbirds” split their time between warm sunny Florida winters and another colder northern state each year. This can be a great lifestyle, but it creates several legal and financial challenges that must be clearly understood for successful estate planning. Different states have different state laws regarding wills, trusts, taxes, and healthcare...Continue reading
Inflation is a very serious and frequently overlooked silent killer of people’s retirement plans. Florida retirees have some of the highest inflation rates in the country, particularly in housing, insurance costs, and healthcare that are higher than national averages. Understanding how inflation impacts your long term Florida retirement planning is essential to preserve your savings...Continue reading
People work hard their whole life looking forward to retirement dreams. However, there are several common critical mistakes that if not taken into consideration can mean the difference between a happy and secure retirement or one of stress and worry. Not Saving Enough Early Enough Probably the most common mistake is not starting early enough...Continue reading
One of the great benefits of living in the state of Florida is that it does not have estate taxes. However, once certain exemption limits are reached federal estate taxes come into play where charitable giving and charitable trusts can have a major impact on how much your heirs will actually receive after taxes. Most...Continue reading
One of the most common mistakes many retirees make is reverse cost averaging of their retirement savings withdrawals. This is withdrawing the same consistent amounts on a monthly or annul basis through market ups and downs. Very important to understand the difference between dollar cost averaging that is good for saving money, and reverse dollar...Continue reading
While you should usually update your Florida estate plan every 3-5 years, there are several situations in which you experience significant life changes that require taking another look to be certain it is current regarding your present circumstances. Here are several reasons to update your will and estate plan to be certain it reflects your...Continue reading
Estate Planning is one of the most complicated and important financial decisions you will ever make in your lifetime. The emotions involved in making these judgements that are so important to your loved ones, together with the natural resistance and procrastination about confronting our own mortality makes this a very easy topic to put off!...Continue reading
If you are planning to retire in five to ten years, there are some very important steps you need to be taking now to prepare. Solid financial planning and preparation are key to having the happy and fulfilling retirement in Florida that so many strive for! Focus on Growth Investing and Reducing Debt Two of...Continue reading
People are living longer and medical costs continue to keep going steadily higher making long- term care planning a more essential part of your retirement and estate plans than ever. While most people envision retirement as a time for travel and new experiences, at a certain point most people’s senior years become heavily focused on...Continue reading
Volatility is a normal and unavoidable state of the stock market. In the long run it helps us get even better returns because when the market corrects, meaning goes down, it gives money managers opportunities to reposition portfolios potentially into stocks or bonds that fell in price unjustly. In the long run it benefits our...Continue reading