Retirement Planning in Melbourne, FL

Compass with needle pointing the word retirement, concept image to illustrate retirement planning

At Arbor Financial Services of Florida, we believe that it is essential for those who are retired or nearing retirement to understand the best ways to navigate the complexities of planning and saving for retirement. When you work with a financial advisor from Arbor Financial, you are working with a Retirement Income Specialist who understands the best ways to help preserve your savings, so you can use it as a renewable source of income for retirement.

Retirement Financial Planning Services

As retirement advisors, we work closely with our clients to provide them with retirement planning advice that gives them the best chance of achieving their long-term financial goals. Our retirement planning services include strategies that can help you:

  • Generate steady income in retirement
  • Minimize your exposure to market risk
  • Maximize your tax savings

Although the growth-based financial strategies you used during your working years might have been effective in helping you grow your retirement savings, those same strategies could jeopardize your financial security in retirement.

That’s why some of the best retirement investment plans recommend that you should reduce your exposure to financial strategies that rely on stock market growth once you near retirement. Instead, it makes sense to work with a retirement consultant who can help you focus on income-based strategies designed to help you preserve your savings, so you can use it as a source of ongoing income. This is known as Investing for Income.

This does not mean that you cannot remain invested in the stock market once you near retirement. Certified retirement financial advisors and retirement specialists can help those with the ability to endure some level of market risk invest in high dividend-paying stocks as a way to enjoy steady income in retirement.

Retirement Income Process, Strategies, and Solutions

  • Create an effective retirement income plan to help maintain a client’s desired lifestyle over the course of retirement.
  • Identify retirement income needs and objectives and evaluate the client’s current situation relative to those goals.
  • Choose appropriate strategies to address income gaps.
  • Evaluate taxation, estate issues, and other risks to the retirement plan.
  • Prepare alternative solutions to help mitigate plan risks.
  • Choose appropriate strategies for monetizing assets over the retirement period.
  • Integrate approaches, risks, products, and strategies to help create an effective retirement income plan.

Sources of Retirement Income

  • Recommend the optimal Social Security claiming age appropriate for each client’s situation.
  • Choose the optimal retirement age.
  • Choose appropriate uses of annuities.
  • Evaluate sources of retirement income including executive benefits, life insurance, benefits provided for federal employees and planning for business owners.
  • Understand the issues in building a retirement portfolio.

Managing the Retirement Income Plan

  • Choose a tax-compliant and tax-efficient strategy for planned withdrawals from tax-advantaged plans.
  • Recommend the best health insurance options for clients.
  • Select a method for funding long-term care needs.
  • Help a client with retirement housing decisions.
  • Consider the ethical issues in retirement income planning.
  • Create and manage retirement income portfolios appropriate for each client’s situation.

Schedule a Retirement Planning Consultation with Arbor Financial Today

If you have any questions or concerns about your retirement financial planning, contact Arbor Financial to schedule a no-obligation consultation at our office in Melbourne, Florida.

Arbor Financial Services of Florida is a full-service financial firm dedicated to helping those in the Melbourne, FL area meet their long-term financial goals. Our team of financial advisors and wealth managers are experienced in helping clients preserve their savings, so they can use it as a source of steady income in retirement.

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Arbor Financial Services,  and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Fee-based financial planning and Investment Advisory Services are offered by Sound Income Strategies, LLC, an SEC Registered Investment Advisory firm. Arbor Financial Services and Sound Income Strategies  are not associated entities. Arbor Financial Services is a franchisee of Retirement Income Source. Retirement Income Source and Sound Income Strategies are associated entities. © 2023 Arbor Financial Services

A franchise of Retirement Income Source.
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