Here for YOU Today and There for your FAMILY Tomorrow

Retirement Planning has You Overwhelmed? Here’s a Starting Point


Retirement Planning

Investments, health insurance, Social Security, aging in place, taxes: there’s so much to think about when it comes to retirement planning. But according to this recently published article appearing on Vanguard’s website, “4 things to put on your to-do list for retirement prep,” starting with these four steps will keep you focused.

Determine what you need to save. Figure out some rough estimates for expenses you're likely to have, regardless of your plans, like housing, food, utility, and health care costs. You want to get a general idea of how much you'll need to meet those expenditures with income from Social Security, a pension or annuity and retirement or investment accounts.

Invest with a strong asset mix. Put your savings to work for your future through investing in the right mix of stocks, bonds and short-term cash reserves (asset allocation) based on your goals, the length of time before you'll need to use your savings and your comfort level for risk. Review and modify your investment portfolio regularly. Rebalancing should be designed to minimize risk as you get closer to your retirement date, not maximize returns.

If you fail to rebalance, your portfolio could become overweighted with one type of investment. This happens frequently with stock holdings when equity markets are strong. When stocks appreciate quickly and shift a portfolio's balance, it's more vulnerable to market corrections and that puts it at risk of greater potential losses when compared with the original asset allocation.

Consider taxes. The type of account where you have your assets can make a substantial difference in your tax liability. Investments that generate capital gains distributions or taxable income should be held in tax-advantaged accounts. Tax-efficient investments also make more sense if they are held in taxable accounts.

Don’t Go It Alone. These are all complex matters, and putting together a great team will be very helpful and alleviate some of the worry. That team includes a skilled estate planning attorney, a Certified Financial Planner™ (CFP®) and a CPA.

Once you have a better handle on these four steps, you’ll be more at ease and better prepared when retirement finally does arrive.

Do you live in Miami-Dade, Broward, or Palm Beach counties in Florida? Laws are constantly changing-- has your estate plan been reviewed in the last 2-3 years? Call me (954-888-1747) right away for peace of mind. I can help! Please visit for valuable information.

  • My practice is exclusively estate planning and probate,
  • I have prepared numerous estate plans in 16 years of practice,
  • I have administered estates and trusts through Probate all over Florida,
  • I am a Certified Financial Planner Professional™, and
  • I am here for YOU today and there for your FAMILY tomorrow.

Reference: Vanguard (May 15, 2017) “4 things to put on your to-do list for retirement prep”

Why would we recommend D.T.F.? Several Reasons: Your ability to explain complex estate problems, clearly and patiently; your total lack of arrogance and pretense; a strong feeling that you are motivated by what you perceive is best for your client, rather than what would generate the largest legal fees; finally, and importantly, you are a lovely guy. A.C.

Two words cannot sum up the entire process of creating my “trust.” I enjoyed your attention to detail, your patience of explaining terms and conditions until I understood, also giving me copies to read and understand. Thank you for your suggestions on what was best for “me” but still allowing me to make my choice. Most of all, thank you for thinking of “me.” Wells Fargo said “you were the best” I cannot deny that. Again thank you very much for everything. Anna is an asset or a compliment to the firm. She is warm and very caring. It was great doing business. Thank you.