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Retirement Planning Attorney

Retirement Planning Attorney in Miami, Florida.

Retirement is something we all plan for our entire lives. However, most Americans have only a minimal amount of money saved for retirement, but saving money is only one part of the retirement planning process. Investing wisely can be just as difficult, but when invested properly, your life savings can ensure a happy financially healthy retirement.  

5 Steps to Planning Retirement.  

Determine Your Retirement Age

Although this may seem obvious, to some individuals determining their retirement age can be a difficult process. However, you need to determine, to a certain degree, when you are planning to retire, because your investment strategy will change as you move closer to retirement. Therefore, determining the amount of time you have to invest is the first step in the retirement planning process.

Assess Your Debts  

Homes, businesses, and cars tend to be the primary sources of most people’s debt, but all debts should be taken into account when planning your retirement. As a retiree, you may be living on a fixed income, and to create a thorough retirement plan you need to be able to project how much money you will require per year to live. Having large amounts of outstanding debts can impact your ability to live comfortably during your retirement or worse, force you to come out of retirement to cover your expenses.

Assess Your Income

Disposable income is where retirement savings is generated from, but for some clients, determining their monthly or bi-weekly disposable income can be difficult. To determine this figure, you need to calculate your monthly or bi-weekly net income and deduct from that figure essential expenses such as your mortgage, car payment, groceries, etc. The figure you are left with, after all essential expenses have been deducted, is your disposable income that you use as you see fit. Knowing this figure will allow you to create a comprehensive payment strategy.

Create an Investment Strategy

Once you have assessed your debts and determined your disposable income, you can create an investment strategy. This process begins with commiting to invest a certain amount of your disposable income each month or bi-weekly period. The strength of investing over time lies in taking advantage of compound interest and investing your money at different times in the market.


Some of the most common investments for individuals planning for retirement are an individual retirement account (IRA) or a Roth IRA. Both of these accounts provide certain tax incentives and you can structure both a Roth IRA and a traditional IRA with multiple types of investments.

Modify Your Investments Over Time

As you move closer to retirement, you will need to adjust your investments to minimize your risk exposure. This can involve selling high risk stock and investing low risk stock, putting a certain percentage of your retirement funds in bonds or CDs, or investing in low risk mutual funds, because you do not want to risk incurring a major loss near your retirement age.


Planning for retirement can be confusing and the risks associated with poor investment choices can have long-term consequences. Our team wealth management attorneys can guide you through the retirement planning process by developing strategies to ensure that your retirement plan is implemented to meet your goals and ensure your future success.


*Authoritative sources:

minimal amount

Disposable income

Roth IRA

individual retirement account


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Retirement Planning Attorney in Miami | Miami Retirement Lawyer


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Retirement planning attorney in South Florida specializing in the evaluation, structuring, and management of new and existing retirement plans.