Retirement Planners Serving Jacksonville and Ponte Vedra Beach, FL


Many people spend longer in retirement than they actually spend working! For most people, retirement is not the end of the road - but the beginning of a new and exciting life chapter! Just as your life will change when you retire, you must also make changes to your financial plan throughout your retirement in order to stay on track.  Some common examples of how we help clients improve their chances of a successful retirement experience are listed below.

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Can I Retire?

This question is the most common question we help clients answer every day.  When can I retire?  What must I do in order to retire by a certain age?  If I'm not on track - what must I do to get on track?  Am I saving enough?  Am I invested correctly?  What tools can I use to improve my situation? 

And finally - as that day approaches ... "Ok, I think I'm ready to retire.  Now how do I pull it off... correctly?"  We have helped hundreds of clients successfully transition into retirement... and odds are, we can help you.  

Remember - "Our job is to make your job... OPTIONAL!"

Retirement Tax Strategies

No matter how well your investments do... if you just turn around and give that excess return to Uncle Sam... that extra return is wasted. Tax laws change often, affecting how to best generate retirement income. Many strategies which were optimal only a few years ago are ineffective today. Our financial advisors keep abreast of the changes, study hard to understand how to best incorporate those strategies within a comprehensive retirement income plan, and help you modify your retirement and portfolio withdrawal strategies accordingly. Some examples of strategies we help our clients employ include tax harvesting, cost basis reset, systematic Roth conversions, the "backdoor Roth," tax free income, Charitable RMD's, and others.

Ideal Social Security Strategies

Comparing your Social Security options - and choosing the correct Social Security strategy - may net you hundreds of thousands of dollars more than simply drawing your Social Security when you are first eligible.  For couples who have large age differences, optimizing Social Security can be critical because the difference in survivor benefits after the first spouse passes away can be life changing.  Working as a coordinated team, we help our clients make these retirement planning decisions by performing this analysis before they ever  for their Social Security benefits.  Often, when they go to Social Security to file for their benefits, they are carrying a report we prepared for them, detailing exactly the filing strategy they should use to get the most benefit from Social Security - based specifically upon their unique ages, longevity expectations, and financial circumstances.

Health Care in Retirement

Many people delay their retirement because they are not yet eligible for Medicare, wasting valuable years of their lives working and wishing for retirement, instead of enjoying a retirement while they are young and healthy enough to travel and remain physically active.  Sometimes this delay is unnecessary;  if they have properly planned and saved for retirement - they can easily afford the health insurance that Medicare and Medicare supplements will eventually provide.  We can help identify if this is the case for you -- perhaps an early retirement needn't be held up because of health insurance concerns. 

Once you have retired, your health will likely change over time, which may suggest changes in your health insurance,  Medicare, or Medicare Supplemental plans.  Knowing which plan to have and when you can change, may save you thousands of dollars over the course of your retirement.  Money saved on health care or health insurance is just as green, and spends just as well, as excess return in your investments. Savings on health care translate into a more, enjoyable retirement lifestyle, or a retirement portfolio that lasts longer because of smaller withdrawals to pay for healthcare in retirement.

Special Needs Financial Planning

You (or a family member) may need assistance with living with a disability or performing daily living activities. It is possible they may qualify for tax breaks, Medicaid Waiver, Special Needs Scholarships (such as the McKay Scholarship), disability income, veteran's benefits, or social security benefits that you are not even aware of. We have specialized, and quite rare, expertise in the area of Special Needs Planning for children as well as for adults of all ages. Our professional network includes attorneys who are approved by the Veteran's Administration to assist with claiming VA benefits for long-term care (the Aid & Attendance and Housebound Pension) for you or for your elderly parents who have served our country during the appropriate time frames. Our team of financial advisors can help work with you and your elder law attorney to restructure your finances so as to qualify for these benefits when available.

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Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. 

Investment Advisory Services Provided by Paragon Wealth Strategies, LLC, a registered investment adviser.