Understanding Today’s Financial Environment
Welcome, we are Fortitude Financial Group, a financial organization in Clearwater, FL. We understand that individuals face unique challenges as they prepare for retirement. We can help take the mystery out of preparing for today and tomorrow. Whether your goal is preparing for retirement, college savings, or estate strategy, my personalized service focuses on your needs, wants, and financial goals and objectives.
I have over 25 years of experience in financial services. We can help you address your needs of today and for many years to come. We look forward to working with you through all stages of your life.
Comprehending The Financial Environment of Today
Welcome, we’re the Fortitude Financial Group, a financial organization located in Clearwater, FL.
We realize that as people prepare for retirement, they experience many problems. We can help take the mystery out of getting ready for today and tomorrow.
My customized service focuses on your needs, desires, financial priorities, financial and tax planning, and goals if your target is planning for retirement, college savings, or property strategy.
I have more than 25 years of experience in financial services. We will help you meet your current and future needs for many years to come. We look forward to working with you through all phases of your life.
About Our Group
Our financial organization is built on outstanding service and 25 years of deep experience in the sector. Our focus is on firms with sound fundamentals and stable dividends. We aim to help you meet your retirement needs through our approach and choice of unique investments to move towards your financial objectives, and tax and financial planning.
Our Goal: Financial Planning and Tax Planning Strategies
- We have been working for 25 years to provide outstanding service and respond to your concerns.
- We are privileged to find solutions for your family, business, investment, and life insurance needs.
- We do so by integrating growth and risk opportunities, using theory and stable, sustainable income for those in retirement.
Our Client’s Objectives:
1. Providing the most tax-efficient way of planning the distribution of wealth during life
2. Assisting with wealth building and development
3. Planning the allocation of income at death in the form of further tax benefits
4. Providing wealth protection and preservation
If you’re preparing to retire, remember that you’ve got ONE chance to get your retirement right. Let’s make it together!
We recommend taking the time for a meeting in person. If you are married, we highly recommend that all parties engage in the initial appointment. This is a chance for both of us to get to know each other. It allows the advisor to decide whether and how our services will benefit you. It enables the potential customer to ask questions and determine whether you like our investment strategy before making any decisions.
Fortitude Financial Group’s strategy provides a range of services to offer our customers more advantages, including financial planning and tax planning.
What We Can Provide You:
We educate our customers and take the mystery out of investing, insurance, conservation of the property, and wealth preservation.
How We Perform:
I have helped many people, just like you, to advance their financial objectives with my 25 plus years of professional services.
How We’re Assisting You: Financial Planning & Tax Planning
Ready to respond to your needs.
We are available to engage with people who seek sound guidance and a relationship of confidence. We interact with a wide variety of up-and-coming business owners, professionals, students, families, and individuals.
Who’s going to most benefit from our services?
Anybody who has financial, tax, or investment problems, is concerned about his financial and tax planning, and wants to prepare for his or her future prudently.
How much investment is needed to work with us?
We have no requirement for minimum properties. We’re supporting all those who need support.
Do we guarantee the success of investments?
No, that would be a breach of securities law. However, we aim to suggest investments that are ideal for your risk tolerance, tax bracket, and long-term objectives.
Will the information about clients be kept confidential?
Yes. It’s the law, and the safety of your information is a important to us.
How meaningful are the relationships between customers?
The only thing that matters is relationships. Our customer relationships are lifelong. We check each monthly account offering and meet with customers for quarterly reviews. The most intense work we do is usually in the initial year. We ask customers to meet us 2-5 times a year to keep their goals up to date.
Educators: Fiscal Planners for Tomorrow
In 403b, the employee elects a payroll deduction sum to deposit money directly into an investment account every two weeks with the ability to expand on the stock market.
Those who want to make an after-tax payment for their retirement income from the Roth IRA. When you retire and make withdrawals if your Roth IRA account has been held for 5+ years and 59 1/2 years, the interest is not taxable.
DROP (Deferred Retirement Option Program)
For those who have served in the Florida retirement system for 30 years or have reached 57, DROP is available. A 60-month delay in the formal termination of retirement is the DROP program. You can choose from Options I, II, III, or IV aligned with your FRS pension choice during this period. This monthly sum will be systematically deposited and 1.7% credited into your DROP account.
During that five year cycle, you can decide the best time to retire. Upon retirement, you will earn both your pension and your DROP balance.
Be cautious not to take advantage of the DROP in a lump sum, as you will pay a mandatory 20 percent tax that will adversely impact your retirement outlook. Consider consolidating your funds into an IRA where your funds are entirely under your power.
This account contains accrued hours of sick leave and unused holiday days measured from your hourly pay. It yields just 1.2 percent. Forty-five days after your retirement date, this lump sum is open to you.
Consider consolidating your account with Bencor into your personal IRA account. This makes it possible for you to manage your growth and withdrawals.
RS-Options for Pension & Investment Plan
The FRS Pension Plan is a defined benefit plan that promises a monthly retirement benefit if you meet certain conditions. Based on your earnings, length of service, and membership level, the value of your potential gain is determined by a formula. Each July, the cost of living is adjusted by 3 percent (adjustments only applicable for FRS service earned before July 1, 2011). Your advantage is pre-funded by your employer’s contributions. When the benefits are due, the Florida Retirement System must ensure that adequate funds are available and bear market risk and investment decisions.
Who’s eligible for a pension plan from the FRS?
Except for Mandatory State University System Optional Retirement Program (SUSORP) participants, all FRS employees are eligible for the Pension Plan. (This is not a strategy of the FRS.)
How Your Benefit Builds Up
Your benefits are generally back-loaded in the Pension Plan, which ensures that you collect benefits slowly, and then the longer you work at a faster pace. This is distinct from the Investment Plan, where the job rewards are received more or less equally (subject to fluctuations in the financial markets and your investment strategy). So, for much of your career or the final years of your job, whether you remain with FRS employers, you are more likely to earn a more significant gain under the Pension Plan.
When You Own Your Advantage
When you complete six years of service (if you enrolled in the FRS before July 1, 2011) or eight years of service (if you enrolled in the FRS before July 1, 2011), you can qualify for a Pension Plan bonus (be vested) (if you enrolled in the FRS on or after July 1, 2011). You will be able to count your Investment Plan service against the vesting obligation if you use your 2nd Choice option to move from the FRS Investment Plan to the FRS Pension Plan.
The purchase cost could be a considerable sum that could make it unaffordable to move to the Pension Plan.
Options for Retirement Income
You can choose to collect your retirement benefits under one of four lifetime benefit options under the Pension Plan, including a 3 percent annual benefit increase per July.
Choice 1: Offers a monthly benefit over your lifetime but does not provide a recipient with a continuing benefit.
Choice 2: Offers a reduced monthly benefit for your lifetime, ensuring that the client is entitled to continue earning the benefit for the initial ten years from the date of your retirement. After ten years of retirement, no payments are payable to the receiver in the case of your death.
Choice 3: Provides both you and your joint annuitant with a decreased profit of the same amount for as long as you or they live.
Choice 4: Provides you and your joint annuitant with an adjusted monthly gain and is reduced until the death of either.
Your Way, Your Money!
When you take care of your finances, you will live life more thoroughly rather than letting them control you. You should make financial choices that drive you towards your objectives, independent of age or stage of life.
Get started today!