Retirement Planning Retirement planning involves an analysis of the various choices you can make today to help provide for your financial future. To make appropriate choices, you may need to predict--as well as you can--your future economic circumstances. You’ll also need to establish your post-retirement goals. When you’ve determined how much of an income stream you may require in the future, you’ll be in a better position to make wiser choices now about income, saving, investments, and employer-sponsored or other retirement plans. Of course, you need to tailor your retirement planning to your own unique circumstances--planning methods may be different for employees and executives than for business owners. And no matter who you are, you’ll probably want to gain some familiarity with the Social Security system, and with post-retirement health care insurance coverage, including Medicare and long-term care (LTC) insurance. For some people, retirement may be an eagerly anticipated event, an opportunity to enjoy so many things that working may have precluded--travel, hobbies, and more family time. For other people, even the word "retirement" may conjure up feelings of fear or dread, particularly for those employees who work without the benefit of pension or other retirement plans. And newspaper stories predicting the collapse of the Social Security system can certainly compound anxiety. Whether you are financially comfortable or are of limited means, however, retirement planning is possible and can help you take control of your own future. Cartoons by Randy Glasbergen, displayed with special permission from glasbergen.com Request Consultation Typical retirement planning saving options 401(k), SIMPLE, SEP, Pension, Profit Sharing 403(b) / 457 IRAs – Traditional, Roth Florida Retirement System Employees: Florida Retirement System (FRS) Pension Plan Florida Retirement System (FRS) Investment Plan FRS D.R.O.P. Salary Reduction Agreements (SRAs) for: School District of Hillsborough County Pasco County School District Pinellas County School District Polk County School District And many Others In-Depth Retirement Planning The State Board of Administration of Florida requires us to post notice that this information is not approved or endorsed by the Florida Retirement System. All Content is provided for your convenience and information only. West Coast Financial Group, Inc. has made every effort to verify the accuracy of this information but urges you to seek your financial, business, tax and accounting advisors and your attorney before making any decision regarding your Florida Retirement Plan options.