People move to Florida for the taxes. Then leave their savings in accounts the IRS still owns.
Florida gets the residency planning right: no state income tax, no state estate tax, some of the strongest homestead and asset-protection laws in the country. What the move never fixes is the composition of the savings — tax-deferred accounts the IRS taxes on the way out, forced by RMDs, at whatever rates exist in 2040.
CentraLife works with Florida’s working wealth — business owners, physicians, contractors, and relocated executives aged 27–59 — on the structure question: how much of retirement income arrives tax-free, how the mortgage on the new house is protected, and how assets pass without probate’s delays.
What changes in Florida.
For the business owner and self-employed
Florida leads the country in new business formation — and most of those owners have no plan except the business itself. A max-funded design builds the retirement asset outside the business, funded aggressively in good years.
For the mortgage holder
New Floridians carry big new mortgages. Designed mortgage protection guarantees the house is paid off, adds living benefits for the illness scenario, and — structured with cash value — builds a liquid asset next to the equity.
For the relocated high earner
You moved the residency; now move the structure. Roth conversions timed after establishing Florida residency avoid state tax on the conversion entirely — a one-way door worth planning deliberately.
The strategies, state-adjusted.
Indexed Universal Life
Permanent coverage with index-linked cash value, a floor against negative index credits, and potential lifetime access through withdrawals and policy loans.
Learn moreMortgage Protection
Coverage designed around the household—not only the loan—with options for living benefits and permanent cash value where appropriate.
Learn moreRoth Conversion Planning
Staged, bracket-managed conversions that move tax-deferred money — 401(k)s, IRAs, qualified annuities — into tax-free Roth growth without bracket shock.
Learn moreState questions, straight answers.
I just moved to Florida. Should I convert my 401(k) to Roth now?
Florida residency means conversions face zero state income tax — a real advantage over converting from a high-tax state. Whether and how fast to convert is a federal bracket-management question: staged conversions sized to your bracket, coordinated with your CPA. Our Roth conversion planning service models it year by year.
Does Florida’s homestead protection cover my life insurance?
Florida statutes separately protect life insurance cash value and annuity proceeds from creditors of the insured — among the strongest such protections in the country. For business owners and physicians with liability exposure, that makes cash-value policies a natural asset-protection layer. Confirm specifics with your attorney; we design around it.
Can CentraLife handle final expense planning for my parents in Florida?
Yes — simplified-issue final expense whole life (ages 50–85, no medical exam) that turns a five-figure funeral bill into a tax-free check. Florida families often coordinate it with the estate plan so nothing waits on probate.
Compare the contract, tax bucket, and protection structure.
How to compare life insurance carriers
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Read nextTax-free retirement calculator
Model spendable income across taxable and tax-advantaged buckets.
Read nextMortgage protection
Compare personally owned protection with lender-linked coverage.
Read nextLicensed in Florida. Designed for your bracket.
- Free 30-minute assessment by phone or video
- Review of existing policies, 401(k)s, and pensions included
- Every recommendation designed around Florida rules with your CPA and attorney