Most people think retirement planning means picking mutual funds in your 401k.
But sometimes, how to create reliable, lifetime, tax efficient income and how to manage costs seems more difficult each year.
- How much risk should I have in retirement investments? Are annuities good or bad?
- Do I need long term care insurance? What am I paying in advisor fees?
- When should I take Social Security?
- How does the death of a spouse affect social security and taxes?
- Do I need a Medicare Supplement or a Medicare Advantage plan? Why is my Part B premium so high? What about drug coverage? Is inflation really a concern?
- How am I taxed in retirement? Do I need Life insurance? What about wills and trusts?
- How can I donate to charities or my grandkids college fund efficiently?
- Am I going to outlive my money?
When Social Security was first introduced, the payout was set to start at age 65, however the average life expectancy was 63. Pension payouts typically lasted 7 to 10 years but for the first time in history we are seeing people survive 20, 30 and even 40+ years in retirement.
Working with an independent full-service Financial Advisor can help you address these concerns and put a plan in place that meets your specific needs. Why independent? Because many firms limit the products their advisors can offer and most only address risk decisions.
Owner of Bayshore Financial Solutions and Bayshore Retirement Solutions, Laura Johnson is one of the top Retirement Planning Experts in the greater Tampa Bay area. With office locations at 4302 S. Henderson Blvd in Tampa and 5003 Point Brittany Drive in St Petersburg, Laura can be reached online at: BayshoreRetirementSolutions.
“Join me in a workshop series at Eckerd College, where we will discuss a different topic each month pertaining to planning and retirement. Many key issues need to be readdressed each year to make sure your retirement stays on track. In-depth topics are broken down in an unbiased, easy to understand, engaging presentation. Registration is recommended but not required.
Our first topic will be Medicare options and changes on October 24th in Eckerd College’s “Pelican Room” at 6PM. On November 22nd in the same location we’ll discuss Tax Changes and Medicare Review. You can register online at RetirementEducationSeries.com.
Article by Laura Johnson
For a personal appointment on any retirement topic, email Laura1Advisor@gmail.com or call 813-569-9222.
Join Laura Johnson for the Monthly Retirement Education Series at Eckerd College in the Pelican Room at the Continuing Education Center,Eckerd College 4200 54th Avenue South, St. Petersburg, FL 33711.
October 24th-6 pm Medicare Options and Changes
November 2-6 pm Update on Tax Changes and Medicare Review
Register at www.RetirementEducationSeries.