Retirement Planning for Business Owners in Florida
Planning tools for the money side of retirement, written with business owners in mind — kept in the same Vault as your will.
What business owners should know
- When most of your wealth sits in the business, the personal side of retirement is easy to leave until last.
- Run a retirement projection on your personal savings and monthly contributions.
- Set savings goals with a target date and see whether you are on track.
- Check whether your life and disability cover would carry your family if the business could not.
- How an old will stops counting in Florida: You may revoke a will by a later inconsistent will or codicil, by a later signed-and-witnessed writing that says you revoke it, or by intentionally burning, tearing, canceling, defacing, obliterating, or destroying the original will. For an electronic will, revocation by act requires deleting, canceling, rendering unreadable, or obliterating it with intent, proved by clear and convincing evidence. Destroying a copy is not enough. Revoking a later will does not revive an earlier will unless Florida's revival statute says so. Source: Fla. Stat. §§ 732.505, 732.506, 732.508, 732.509.
Frequently asked questions
Why does retirement planning matter for business owners?
When most of your wealth sits in the business, the personal side of retirement is easy to leave until last.
How does an old will stop counting in Florida?
You may revoke a will by a later inconsistent will or codicil, by a later signed-and-witnessed writing that says you revoke it, or by intentionally burning, tearing, canceling, defacing, obliterating, or destroying the original will. For an electronic will, revocation by act requires deleting, canceling, rendering unreadable, or obliterating it with intent, proved by clear and convincing evidence. Destroying a copy is not enough. Revoking a later will does not revive an earlier will unless Florida's revival statute says so. Source: Fla. Stat. §§ 732.505, 732.506, 732.508, 732.509.
Is this financial advice?
No. The tools do arithmetic on the figures you enter. They are estimates for your own planning, not financial advice.
What do the retirement planning tools cost?
It is included in your Vault. Your will is free.
Start your free will today
Your will is free, and your Vault keeps the Estate Organizer and the planning tools beside it.
Create my free will