As you plan for a secure and comfortable future, it’s essential to adopt investment strategies that align with your financial goals. Whether you’re in Venice, Englewood, or Sarasota, here are three key strategies to consider:
1. Diversified Income Streams – Investing in dividend-paying stocks, bonds, and real estate can help generate a steady income while preserving capital.
2. Tax-Efficient Investments – Utilizing IRAs, Roth conversions, and tax-free municipal bonds can help reduce your tax burden and maximize your returns.
3. Healthcare & Long-Term Care Planning – Factoring in rising healthcare costs and considering options like long-term care insurance can help protect your assets in retirement.
What if you haven’t started to save?
It can feel embarrassing to admit, “I’m in my 50s and haven’t really started saving for retirement.” But don’t worry—it’s not too late. Working with a fiduciary financial advisor, you can begin taking steps to build your wealth and savings right now. Just start; saving even $50 a week is far better than doing nothing. You’ve likely heard that the best time to plant a tree was 20 years ago, but the second best time is now. Investing is the same: just start saving today.
Talk to your financial advisor. If you don’t have one or if yours isn’t local, we’d love to discuss these strategies with you in more detail. We’d be happy to set up a time to chat, review your current situation, and tailor a plan to meet your specific needs in a no-obligation, complimentary consultation. Give us a call at 941.483.3600.
Kate Hyland Mercer is a Financial Advisor for Ferris Wheel Financial, Inc. She can be reached at:
871 Venetia Bay Blvd, Suite 201 Venice, FL 34285
941.483.3600 / Kate@FerrisWheelFinance.com
Advisory services are offered by Ferris Wheel Finance, Inc., a Registered Investment Advisor in the State of Florida.