fbpx

Can a CFP® in Tampa, FL, help me with retirement and joint investment accounts?

Written by V. Raymond Ferrara, CFP®

On September 1, 2021

There is a wide array of financial tools available to couples in Tampa, Florida, who are looking to meet specific financial goals. Retirement and joint investment accounts are two of the most popular of these tools. However, navigating how these two types of accounts fit into your financial plan can be tricky. Fortunately, a CERTIFIED FINANCIAL PLANNER™ can help you understand retirement and joint investment accounts more fully. They can help integrate them into your customized financial plan, too. 

What are retirement and joint investment accounts?

A CFP® advisor will take the time to help you understand retirement accounts and joint investment accounts. The reason? They want you to have the information you need to make the best decisions about your finances. For instance, your CFP® in Tampa can tell you what these accounts are. 

A joint investment or brokerage account is an investment account to which both you and your partner have equal rights and access. These types of accounts allow couples to invest in: 

  • Stocks.
  • Bonds.
  • Mutual funds. 
  • Property.
  • Real estate. 

Retirement accounts are investment accounts that are designed to help an individual build wealth for their retirement. They are typically individual, which means both partners may have 401(k)s, IRAs or Roth IRAs in their own names. 

What types of goals can a CFP® help you achieve with retirement and joint investment accounts?

Each couple tends to have unique financial goals based on many factors. However, most financial goals fall into two broad categories: short-term goals and long-term goals. A CFP® can advise you about which goals retirement and joint investment accounts can help you achieve. Many financial advisors recommend using: 

  • Joint investment accounts to meet short-term financial goalsJoint investment income can be used to fund your retirement accounts. However, many people often use these proceeds to meet near-term financial goals. Such goals could include buying a home or funding travel plans. 
  • Retirement accounts to meet long-term financial goals — Retirement accounts are designed to generate wealth that you can use once you decide to stop working. As such, they tend to be longer-term investments. A CFP® can advise you on retirement investment options that can help you achieve your long-term financial goals. 

Talk to a ProVise CFP® professional about retirement and joint investment planning

At ProVise Management Group, our CERTIFIED FINANCIAL PLANNER™ professionals can get to know you and your current financial circumstances, current and future goals, risk tolerance and personal values to help you develop a plan that works for you. We can also create a written plan for you at a fiduciary standard of care. All our written plans come with an unconditional money-back guarantee. If you are unhappy with your written plan, you can return it to us, and we will refund 100% of the fee paid.

Are you ready to talk to a professional about how you can integrate retirement and joint investment accounts into your financial plan? Contact ProVise today to schedule a complimentary consultation.

You May Also Like…

What do you picture for your retirement?

What do you picture for your retirement?

What do you picture when you think of your retirement? If you’re like many people, you probably picture a cozy home near the beach. You picture yourself with free time to enjoy your favorite activities or to be with your family. And while this is what many of us dream...

When is the right time to start saving for retirement?

When is the right time to start saving for retirement?

The best time to start saving for retirement is yesterday; the second best time is today. The worst time is putting it off till tomorrow. If you are young and wondering when to save for retirement, it might seem so far away that putting money away now seems premature....

Five things need to know about retirement planning in Tampa, FL

Five things need to know about retirement planning in Tampa, FL

Whether you live in Florida now or elsewhere, you might be thinking of retiring in Tampa. And why would you not? Tampa is in a beautiful part of the state. It is close to the beach, and there is plenty for you to experience and enjoy.  Hopefully, you have been...

0 Comments