retirement planning
If you are in a retirement planning guide mode, and, you should plan five years
prior to your actual retirement. Here are five reasons you should meet with a
financial specialist (advisor) for your retirement planning guide. Keep in mind
you should meet with a few different individuals or firms before making your
decision. Be sure to review their credentials and references and or referrals.
This is your retirement planning guide.
retirement planning software
1) Knowledge and Expertise. Anyone can make claim to being an
advisor. Be sure this is a true professional with credentials. You
should be able to be comfortable and trust your advisor. Most
have extensive education in their field and should be proud to
share with you their achievements and show off a retirement
planning guide for you.
2) Realistic Goals. You can't expect to invest $1 and get back
$10,000,000 unless you play and win the lottery. This is not
Your retirement planning guide. A financial specialist is trained to guide
you with goals that fit your needs and risk tolerance as well as keeping you
focused to keep your feet on the ground.
3) Costs. Yes, it usually will cost you some money to have a financial advisor
or meet to have a consultation for your retirement planning guide. Although, some
may forgo the initial fee for a one time consultation as a meet and greet to get
some sort of idea as to what you are wanting to achieve with your retirement
planning guide and what they can accomplish for you. Many advisors work on
incentives (commissions) and get paid from that product they advise you to invest
your money with. If possible, see if they have a flat fee base and not a
commission base. Keep in mind, some products they offer pay out more incentives to
them than others. A True financial advisor will have your interest, comfort zone
and risk tolerance in the forefront of any investment.
financial planning software
4) Appointments. You may want to ask friends, co-workers, relatives who they
recommend. This way, you don't have
to search blindly through yellow pages (they seem to be
not in use much) or the internet. It will be a warm introduction
to your retirement planning guide. One of the ways to seek your financial
specialist is with your bank. Many banks now have in house staff that is qualified
to give financial advise for your retirement planning guide. This does not exclude
that this advisor is
not working on salary plus commission and may offer products
exclusive to the bank. Some offer products from third party investments.
retirement planning
5) Truth or Consequences. By not meeting with a financial advisor for your
retirement planning guide and not being prepared for your retirement will bring
great consequences and will be painfully truthful to you and your family due to
your lack of planning. Remember, your lack of retirement planning guide does not
constitute someone else's emergency or fault.
personal retirement plan
Look at the benefits to a retirement planning guide as simple as it may be. A
retirement planning guide advisor is more than a accountant or C.P.A or a tax
attorney. Within your retirement planning guide, an advisor will be able to
determine how much you will need as a monthly income in your retirement, cost of
living, inflation, hidden expenses as well as planning to downsize.
You can do your due diligence and have a retirement planning guide or you can
plan to fail.
