Retirement Planning Tips

Retirement planning can be equal parts exciting and scary; on one hand you will have more time to enjoy life around Tampa, but on the other hand, you will not be working—so you won’t have a paycheck. But with the help of a financial planning attorney, you can feel confident that you will have plenty of funds to ensure you can keep enjoying the same lifestyle you always have.

No matter how old you are, you should be thinking about retirement planning. Here are some tips to get you on your way to preparing for a comfortable transition into retirement:

1. Save. This one is obvious, but many people don’t think about it until it is too late. We recommend starting as early as possible; this way you can put away less of your monthly paycheck, and still end up with a sizeable nest egg.
2. 401k. This is one of the easiest ways to start retirement planning. Many Tampa companies offer 401ks and investing in one will offer a lot of benefits, both in the short and long term.
3. Invest correctly. Investing your money correctly is vital. You will want to choose stocks that offer long term growth. If you are able to invest some money in the stock market for 10 or more years, you will end up with some great returns.
4. Consider a part time job. If you started planning a little later in life, and are concerned you will not have enough to live comfortably after retiring, we tell many people to consider a part time job in Tampa. This will give you an opportunity to work in a new field of your choice, with the ability to set your own hours, and still have a paycheck.
5. Ask for help. Planning for the future can be difficult, stressful, and overwhelming. However, you should never be afraid to ask for help! With some assistance from an experienced financial planner, you may find that retirement isn’t as tiresome as you thought!

Garcia and Cuadra

At Garcia and Cuadra, we offer retirement planning services to all residents of Tampa, no matter their age. We know, with the right help, it is never too early, or too late, to start planning.

If you would like to get started, call us today at 813-415-2431!