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Fort Lauderdale Retirement Planning

Fort Lauderdale retirement planning is a multi-dimensional process that takes all of your needs as a retiree into consideration. While many local professionals focus on saving and investing their money in order to provide a Florida retirement income, they often overlook the importance of planning for their social and recreational needs in their senior years. To enjoy a productive, fruitful life as an older adult in FL, it's important to lay a foundation of personal resources that you can rely on as you age.

Fort Lauderdale is a popular tourist destination in the Sunshine State, as well as an attractive location for retirees who are seeking a mild climate and a rich, diverse assortment of activities. Because of its vast canal system, Fort Lauderdale has been nicknamed "the Venice of America." Fort Lauderdale offers a number of cultural, recreational and educational opportunities for kids, younger adults and the elderly alike. If your Fort Lauderdale retirement planning goals include owning a house or condo in FL, you'll enjoy the fun, relaxed and flexible lifestyle here.

Importance of FL Emergency Planning

The financial aspects of retirement planning aren't limited to saving and investing your income for the future. The financial decisions you make in the present also have a significant impact on your Fort Lauderdale retirement planning goals. If you don't currently have an emergency savings fund in place, you may find yourself relying on high interest credit cards or dipping into your retirement planning funds whenever you have a financial setback.

The loss of a job, a divorce or the destruction of a house in a fire or other Florida disaster could undermine your retirement planning efforts. With adequate disability and home insurance, in combination with a solid emergency preparedness plan, you can avoid severe losses. As part of your Fort Lauderdale retirement planning efforts, take time to meet with a financial advisor to make the necessary arrangements to prepare for any of life's contingencies.

Fort Lauderdale retirement planning experts can offer valuable advice on how to prepare for the disasters you may encounter on the road to independence. Many professionals limit their Fort Lauderdale retirement planning efforts to making regular contributions to a 401k, 403b or IRA. While these savings and investment instruments are essential to your future income, you must also save for short term needs in order to avoid drawing from your nest egg in the event of an emergency.

Life Insurance and Retirement Planning

A life insurance plan can be a valuable tool in your Fort Lauderdale retirement planning portfolio. In addition to the financial security that a whole life insurance policy provides for your loved ones, permanent life insurance can double as a savings and investment vehicle. With the cash value of a Florida whole life insurance policy, you can take out loans at a reasonable interest rate or make withdrawals once your cash account has reached a certain value.

It's never too early to purchase a whole life insurance policy. The longer you pay your premiums, the more your cash account will grow. If you choose to participate in your insurer's investment strategies, you may earn dividends as well as interest on the cash value of your policy. Because these funds qualify as earnings from a life insurance policy, they are not subject to income tax. Talk with a Fort Lauderdale financial advisor about the savings and investment potential of a permanent life insurance policy.

Life insurance can be a key component of the legacy you leave behind in Fort Lauderdale. The death benefits from your policy may serve as an inheritance for your children or grandchildren, as well as a parting gift for your spouse or partner and a means to pay for your funeral. you may also choose to leave a portion of your benefits to your favorite local charity in commemoration of your life's achievements and your role in the community.

Social Needs in Retirement

Fort Lauderdale provides a wealth of opportunities for elderly men and women to get involved in the community by volunteering, attending social events or participating in cultural activities and sports. As you consider your hopes for the future, don't forget to include your social needs in your Fort Lauderdale retirement planning goals. The more thought you give to your needs and dreams, the better prepared you'll be to enjoy a rich, full life as an elderly adult in the Sunshine State.

To make the most of your current income in preparation for financial freedom, get in touch with a Fort Lauderdale retirement planning expert. Trained advisors can work with you to project your needs for the future and evaluate your readiness to retire. With the free features on our site, you can initiate the process of preparing for a more prosperous life in your senior years by contacting professionals in your area.

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Retirement Planners In Fort Lauderdale

Paul Porter,CFP
Paul Porter,CFP
808 Polk Street
Hollywood, FL 33019

Michael Gnefkow
Michael Gnefkow
2 S. University Dr. Suite 231
Plantation, FL 33324

Kevin Garvey
Kevin Garvey
7900 Glades Road Suite 310
Miami Ii - Boca Raton (West), FL 33434

Jimmy Gonzalez
Jimmy Gonzalez
4000 Ponce de Leon Blvd
Suite 470
Coral Gables, FL 33146

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