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Retiring Soon? You Need to Read This.

I’m calling a spade a spade here. Now might not be the best time to retire.

Interest rates are high, inflation is still an issue, and the taxes associated with retirement distributions are taking big chunks from clients’ distribution checks.

If you are considering retiring soon, I pulled a few resources to help you (or your clients) determine how to make the most of your savings.

Take note of the impending taxes and how that affects the actual amount of income received.

As you or your clients prepare for this next step, here are a few more things to consider unrelated to your retirement income:

Social Security and Medicare

Familiarize yourself with the eligibility requirements, benefits, and enrollment processes. Determine the optimal time to start receiving Social Security benefits based on your unique circumstances. Educate yourself about Medicare coverage options and the deadlines for enrollment to avoid potential penalties or coverage gaps.

Lifestyle Considerations

Consider your hobbies, interests, travel aspirations, volunteer opportunities, and any other activities that bring you joy and fulfillment. Create a retirement lifestyle plan that aligns with your passions and values, ensuring that your financial resources support your desired lifestyle.

Estate Planning

Review and update your estate plan to reflect your current wishes. Ensure that your will, power of attorney, healthcare directives, and beneficiary designations are up to date. Consider consulting an estate planning attorney or utilizing a service like Trust & Will to ensure your assets are protected, your loved ones are provided for, and your legacy is preserved according to your wishes.


If you have any questions about our Enhanced Tax Advantage for retirement income, please don’t hesitate to ask. We enjoy speaking to both industry professionals and individuals and look forward to hearing from you: or call 773-318-9608.



901 N Lake Destiny Drive, STE 380

Maitland, FL 32751


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