Posted by: Garcia & Cuadra, PA | February 28, 2017

5 Tips for Retirement Planning

Retirement Planning | Tampa | arcia and CuadraRetirement planning should be on your mind no matter what stage of life you’re in. You might be a young, burgeoning entrepreneur in Tampa, or perhaps, you’re preparing to phase out of your career after many years. No matter your circumstances, this concept is foreign territory for most. Whether you’re just starting out or ready to stop working in a few years, you’ll want to keep certain things in mind.

1. Pay Off Debts

You might be inclined to save for when you aren’t working. After all, it seems like starting ahead of time would serve you best; but nagging debts will impede your efforts in the long run if you don’t address them. Instead of keeping debts at bay, tackle them head on before you dive into full-fledged retirement planning. Once you’ve paid them down, you can focus on what’s ahead of you in Tampa.

2. Inform Your Beneficiaries

Clear designations help your family members avoid probate or surrogate court, so put them in place well ahead of time. The more explicit your wishes for your 401ks, IRAs, and life insurance, the better. An unexpected gift you can give to family members in this arena is preparation.

3. Make an Effort to Understand Your Retirement Account

It’s not enough in Tampa to have an account for retirement planning. You need to have a general understanding of it too. There are fees involved, some of which can dig into profits. Not everyone is versed in financial terminology or practice, so you might consider hiring a financial advisor to help with comprehension. By gaining an understanding, you can make your money work for you for years to come!

4. Consult with Retirement Planning Professionals

As you enter a season of voluntary unemployment, you shouldn’t have nagging anxieties about your financial status. Not everyone feels comfortable managing their future finances. If you have little to no experience in this area, you might be feeling overwhelmed by the prospect. Instead of stressing out about this task in Tampa, consider the benefits of working with a financial consultant.

5. Need Retirement Planning Assistance? Hire Garcia & Cuadra

At Garcia & Cuadra P.A., our independent accountants and tax advisors specialize in putting our clients at ease. Our Enrolled Agents are equipped to manage your finances and assist with processes like estate or retirement planning. An early start is more important than doing it yourself, so consult with our accountants about:

  • Tax return preparation
  • Estate preparation
  • Taxpayer representation services
  • Retirement planning
  • Business startup
  • And more

Put yourself at ease by hiring the best financial advisors in Tampa! By prioritizing your future, you can celebrate all of your hard work for years to come!


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