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Retiring in 2017? Three Things You Must do


Retiring in 2017? Three Things You Must Do

Preparation is everything when it comes to retirement planning, according to Starts at 60 in “Three things you should do if you’re planning to retire in 2017.” But above and beyond all of the other things, these three are the most important ones to get done.

Your assets. If you want to retire this year, you should begin by taking an inventory of your assets. This will help you to determine your asset allocation. Asset allocation is the composition of stocks, bonds, and other assets in your portfolio. It is vital in determining the level of diversification and the level of risk you’re taking. Reviewing all of your assets gives you a better idea of what you have heading into retirement and the potential for earnings and returns in the future.

Consolidate your finances. Just like your desk or the garage, your finances can become cluttered. Consider your superannuation. You might have several superannuation accounts from different employers. Review your superannuation account balances and consolidate all your superannuation into one account. That will result in fewer fees and an easier time monitoring your superannuation to see how much money you’ll have with which to retire. Plus this will reduce the headache of reviewing statements from a variety of companies.

Create or update your estate plan. Yes, your estate plan should be in place before you begin retirement. Going through the process of creating an estate plan will clarify financial and legal matters that may impact retirement decisions. If you have not reviewed your estate plan in the last four years, you need to make sure that it is aligned with your current situation and changes to the law. Sit down with an estate planning attorney like Daniel T. Fleischer, to create a will, powers of attorney, healthcare proxy and other legal documents. It is also important make sure to finish the whole process: stopping in the middle won’t do you, your spouse or your heirs any good.

Planning to Retire in 2017?? 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!

  • 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: Starts at 60 (January 18, 2017) “Three things you should do if you’re planning to retire in 2017”

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.