Secure Your Retirement with a Comprehensive Income Plan
At Tampa Bay Advisory, we understand that retirement is a significant milestone—one that requires careful planning to ensure financial security and peace of mind. Our Retirement Income Planning services help retirees and pre-retirees create sustainable income strategies that align with their financial goals and lifestyle needs.
Why Retirement Income Planning Matters
Planning your retirement income is more than just withdrawing funds from your savings. It involves strategically managing various income sources to ensure longevity, minimize taxes, and protect against market downturns. We help you structure your assets to provide a steady and reliable income throughout your retirement years.
Our Approach to Retirement Income Planning
We take a personalized, fiduciary-driven approach to designing your retirement income plan. Our process includes:
1. Analyzing Your Income Sources
We assess your available income streams, including:
Social Security Benefits
Pension Plans
401(k)s, IRAs, and Other Retirement Accounts
Annuities
Investment Portfolios
Passive Income Sources (Real Estate, Business Income, etc.
2. Focus on the “Surviving Spouse” for Married couples.
Not only must the immediate income gap upon retirement be addressed, but if the woman outlives her husband, Social Security and any pensions will drop or disappear just at the time when her income tax goes up as a single person.
3. Tax-Efficient Withdrawal Strategies
We help you optimize your withdrawals to minimize taxes, avoid penalties, and extend the life of your savings.
4. Managing Required Minimum Distributions (RMDs)
As you reach the age where RMDs are required, we guide you on the best strategies to manage these withdrawals effectively while reducing tax burdens
5. Social Security Optimization
We analyze your Social Security benefits and help determine the optimal claiming strategy to maximize your lifetime benefits
6. Mitigating Risks and Protecting Your Wealth
Retirement planning is not just about income—it’s also about managing risks such as:
Inflation
Market Volatility
Healthcare Costs & Long-Term Care
Unexpected Expenses
7. Legacy and Estate Planning
We help you plan for your family's future by ensuring your wealth is preserved and transferred according to your wishes.
Why Choose Tampa Bay Advisory?
Fiduciary Advisors:
As fiduciaries, we act in your best interest, ensuring transparency and integrity in our recommendations.
IRMAA Planning:
We specialize in reducing unnecessary taxes and helping you avoid Medicare surcharges.
Comprehensive Strategies:
Our holistic approach integrates every facet of your financial future, providing seamless, well-rounded solutions to safeguard and optimize your wealth.
Personalized Service:
Every client receives tailored advice to match their unique financial goals and lifestyle.
Creating Opportunities for a Secure Retirement
Ensure your retirement income is thoughtfully planned. Reach out to Tampa Bay Advisory today to schedule a complimentary consultation, available either in-person or online. During this meeting, we’ll take the time to understand your unique situation and ask questions to help us determine how we can best assist you in achieving your financial goals.
Our team is dedicated to supporting you in building a stable financial future, as retirement can be one of the most significant and unpredictable phases of life. A well-structured plan is essential for navigating this important transition.
For text inquiries, contact: 727-243-6467.
Disclosure
Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and Tampa Bay Advisory, LLC are independent of each other. For a complete description of investment risks, fees and services, review the Virtue Capital Management firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting Virtue Capital Management. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Michael Watkins and/or Tampa Bay Advisory, LLC are not affiliated with or endorsed by the Social Security Administration or any other government agency. Insurance and annuity products are not sold through Virtue Capital Management, LLC (“VCM”). VCM does not endorse any annuity or insurance product, nor does it guarantee any annuity or insurance product’s performance. Index or fixed annuities are not designed for short-term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Any guarantees mentioned are backed by the financial strength and claims paying ability of the issuing insurance company. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
Visit Our Oldsmar Office
By Appointment Only
Tampa Bay Advisory
(844) 603-1400
172-A State Street East
Oldsmar, FL