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Retirement Planning

Have you envisioned your retirement? How do you see yourself? Possibly living comfortably, doing all of the things that you never seem to have the time or money to do now? Your dreams could be as lofty as traveling the world or as simple as spending more time with your family and friends.

Retirement planning is something that everyone must consider, but think they do not have to worry about this very second. Everyone's vision is unique, but everyone needs to plan to make their vision come true.

Finding the right financial advice for retirement means finding someone that helps you craft goals tailored for your situation. You can find the best retirement planners with knowledge of the Florida Retirement System with the team at Total Resource Financial.

At Total Resource Financial we believe there are five important aspects to consider when planning for retirement:

  1. Lifetime Income Need - There is much uncertainty regarding the future of Social Security. But, even if Social Security is around when you retire, your benefits may not provide enough income for your retirement years. To make matters worse, fewer employers today are offering traditional pension plans to supplement Social Security. Figuring out how much income you will need during retirement and how to create that income is the most important step in any retirement plan.
  2. Social Security - It is imperative to explore all the  social security strategies available to determine when and how to turn on your social security benefits, as well as your spouse's.
  3. Health Care Needs - With life expectancies increasing, many people will spend up to one-third of their life in retirement. Health care prices keep rising, and Medicare will not cover all expenses. Long-Term Care is becoming a key element of retirement plans because the related costs could potentially wipe out all of your savings and investments.
  4. Tax planning – Of all the risks in retirement, the tax risk is one of the least understood. Most people focus on returns and income without taking into consideration how that income will affect their tax liability. You need a financial plan that will allow you to keep more and pay less to the government during retirement.
  5. Asset/Estate Protection - You've worked very hard to accumulate your assets. We are sure you do not want to see those assets disappear during retirement due to health care costs, inflation, lawsuits, longevity, or taxes. It makes sense to create a strategy with your financial advisor to protect those assets during your retirement years, as well as determine how to distribute them to your chosen beneficiaries in the most efficient way when the time comes.

FRS: Florida Retirement System

If you are a government employee in Florida, you are eligible for enrollment in the Florida Retirement System. You gain access to two retirement options; the FRS Pension Plan, and the FRS Investment Plan. Knowing the benefits of each option is vital for your retirement planning, and Total Resource Financial can help you figure out which choice is right for you!

Social Security Financial Advisors

Planning for your retirement requires an understanding of the different tools available to you. Knowing how and when you can use your social security benefits requires due diligence and exploration of every option. Utilizing a social security financial advisor can prove beneficial.

Our team guides you through the retirement planning process, ensuring that you are aware of all of the options available to you and your family across Hillsborough, Pasco, Pinellas, Polk, Manatee, and Sarasota Counties and beyond.

Retirement Investment Options

Finding the right financial advice for your retirement planning means considering all aspects of your retirement. Whether it's your 401K, IRA, or Social Security benefits, you have an array of retirement investment options available to you that can make your retirement the experience you desire. 

In addition to being trusted retirement planners, Total Resource Financial offers residents in Hillsborough, Pasco, Pinellas, Polk, Manatee, and Sarasota Counties, as well as other counties across the nation, an array of different services, including:

The time to start planning for retirement is NOW. Contact us at or 813-571-1233 to discuss your retirement vision and/or concerns with a Total Resource Financial advisor today.

You only get one retirement - make it a great one!