Retirement Planning Services

Have questions or need assistance setting up a 401(k), 403(b), or IRA? We have utilized these services for years and set up our clients with the ideal option that fits their retirement goals.

Defined contribution plans (DC)

A defined contribution plan is an employer-sponsored retirement plan where the employee elects how much they want to contribute per pay basis. An employer can choose to contribute to this type of plan, which is often referred to as a match. Two popular types of these plans are 401(k) and 403(b). This plan works best for accumulation, and we always recommend reviewing the investment strategy and tax diversification that the plan offers.

401(k) plans

A 401(k)-retirement plan is an employer-sponsored defined contribution plan that allows eligible employees the ability to save and invest for retirement. Most individuals use this plan to defer taxes on the money they contribute. Depending on your situation, we recommend the Roth 401(k) as an after-tax investment that will be tax-free upon distribution.

403(b) plans

A 403(b) is a retirement plan similar to a 401(k), but for certain employees of public schools, nurses, and non-profit organizations. This is also payroll deducted, and usually, it offers a Roth option for tax-free growth. We always recommend reviewing the fees and expense ratios of this plan.

457(b) plans

457(b) plans are non-qualified, tax-advantaged, deferred compensation retirement plans usually offered by the government and some nonprofit employers. This type of plan offers benefits such as no tax penalties on qualified withdrawals and better catchup provisions.

IRA plans

An IRA is individually owned that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. IRAs are one of the most effective ways to save and invest in your future. We recommend reviewing both traditional and Roth IRA options to determine which one is right for you.

Traditional IRA

In a Traditional IRA, you make contributions with money you may be able to deduct on your tax return, and any earnings can grow tax-deferred until you withdraw them in retirement. Depending on your adjusted growth income, you might not qualify for the tax deduction.

Roth IRA

With a Roth IRA, you make contributions with money you’ve already paid taxes on (after tax), and your money may potentially grow tax-free, with tax-free withdrawals in retirement. Like a Traditional IRA, depending on your adjusted growth income, you might not be able to contribute to a Roth IRA.

Spousal IRA

A Spousal IRA is a strategy in which a working spouse can contribute to an IRA in the name of a spouse that is not working or has little income. It is a good way to increase your retirement savings in case your household only has one source of income. You must be married and filing jointly to participate in this plan.

Rollover IRA

A Rollover IRA is an account that allows you to move funds from your old employer-sponsored retirement plan (403(b), 401(k)) into an IRA. With an IRA rollover, you can preserve the tax-deferred status of your retirement assets without paying current taxes or early withdrawal penalties at the transfer time. Moving your plan into your own IRA will increase investment options and can potentially reduce fees.


A Simplified Employee Pension (SEP) plan provides business owners with a simplified method to contribute toward their employees’ retirement and retirement savings in an IRA. This might not be the best choice for business owners with employees as the owner is required to make proportional contributions for each eligible employee if you contribute for yourself.

Simple IRA

A SIMPLE IRA is a retirement savings plan that most small businesses with 100 or fewer employees can use. It is ideal for small business owners who don’t want the fiduciary responsibilities that come with a qualified plan. Employers must contribute a match to this plan at a minimum of 1% and a maximum of 3% of the employee’s salary.

Solo 401(k) plan

Solo 401(k) is a retirement account similar to a 401(k) but designed for the self-employed or business owner with no full-time employees. The contribution limits are significantly high, but to take full advantage of this plan, you must provide proof of self-employment income.

Traditional pensions

A Traditional Pension Plan is a defined benefit plan that provides fixed, monthly lifetime retirement benefits. Pension plans are typically calculated using income and years of service to determine your monthly payout amount. Unfortunately, today not many employers are offering pension plans, so if you’re looking into a new job or career path, it might be worth considering whether a pension is important to you.

Guaranteed income annuities (GIAs)

An income annuity is designed to provide a guaranteed income stream that can help protect against the risk of outliving your savings. The payments will continue for as long as you live, and they’re not subject to stock market performance so regardless of the ups and downs of the financial markets, the amount is set in place.

The Federal Thrift Savings Plan (TSP)

The Thrift Savings Plan, also known as TSP, is a type of retirement plan only offered to federal employees and members of the uniformed services. This plan is a defined contribution plan which is like a 401(k), that is available to workers in the private sector.

Cash-balance plans

A cash balance plan is a type of pension plan that allows for larger contributions with larger deductions. The plan offers guaranteed pension benefits with unique incentives to attract and retain employees. Also, it’s less difficult and expensive to maintain than other plans.

Cash-value life insurance plan

Cash value life insurance is a form of permanent life insurance which has many benefits for the policyholder, including a cash value savings component. The tax-advantaged cash value is available to the policyholder for many purposes, such as a source of loans, cash or to pay policy premiums.

Nonqualified deferred compensation plans (NQDC)

A non-qualified deferred compensation (NQDC) plan typically allows employees to put a portion of their earned wages, bonuses, or other compensation into a trust, which grows tax-deferred. This provides income in the future and may reduce the tax payable on the income.

Common Retirement Questions
How does retirement work?


How much should be saved for retirement?

Depending on your income, aim to save at least 15% – 20% of your income each year for retirement. Most experts agree that your retirement income should be about 80% of your final pre-retirement annual income.

What is a qualified retirement plan?

A qualified retirement plan is designed to provide you with income at retirement. The most common qualified plans are 401(k), 403(b), profit sharing, and Pension Plans.

What is early retirement?

The common definition of early retirement is any age before 59-1/2, mainly because that’s when you can access your 401(k) or IRA’s without any IRS penalties.

What is the Florida retirement system?

Also known as the FRS, you must be employed by the state or local government participating in the Florida Retirement System. To its employees, they offer two retirement options: The FRS Pension Plan and the FRS Investment Plan.

What is the retirement age in Florida?

There’s no set retirement age. If you save and plan properly, you can retire at your desired age. These are the ages that are most important to retirees. At 59 ½, you can now withdraw money from your qualified retirement account without an IRS penalty. Social Security starts at age 62, and Medicare starts at age 65.

How long $1mm last in retirement?

A recent study determined that a $1 million retirement nest egg will last about 19 years on average. To avoid running out of money in retirement, you should pull no more than 4% of your assets annually. If you have $1mm, you should only withdraw $40,000/yr.

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Monday – Friday8:30am – 6:00pm


Monday – Friday8:30am – 6:00pm