Retirement Planners is specialists who can provide advice and assistance to people as they plan for, retirement. They can be family members or live in the same neighborhood as the retiree. A lot of retired people would also choose to live in assisted living communities, as opposed to living on their own. Retirement Planners can help by giving input about the current investments and market trends that they feel could benefit a retiree in the years to come.
As with all financial planners, Retirement Planners should be selected based on their experience, reputations, and fees. If you do not have any contact information, you can always call a local company and ask to speak with a Retirement Planners. While doing so may be inconvenient, at least you will get some first hand information from someone who has been there before. You may not know it, but you have already made a valuable investment in yourself by selecting a financial planner who has years of experience.
There are a few basic things that you should look for in Retirement planners and no planning is complete without these items. Retirement Planners should be licensed and requires completing continuing education requirements. This ensures that they are fully aware of current tax laws and are completely knowledgeable regarding any investment strategies or accounts they recommend. They should also have a portfolio of investments and be able to explain to you the differences between what is “safe” and what may be risky.
Retirement Planners should offer unbiased financial planning advice. This means they should explain the difference between investing for growth versus simply earning a return. They should explain why investing in certain types of bonds, stocks, or mutual funds may be the better choice than others. If they have any investment advice to offer, it should be from research and current real-time data rather than their opinions from ten years ago.
The third thing that makes a good retirement planner is that they offer investment advice. Good financial planning services should be able to offer unbiased advice based on sound reasoning. They should not be afraid to point out potential pitfalls of a particular investment option, or how an alternative decision might be a better option. Some planners offer a wide variety of investment options, while others focus on one or two options.
Finally, a good retirement planners should be able to help you find a solid retirement income plan. Good planners understand how important it is to set a realistic retirement income plan. A good advisor will not tell you what type of IRA you should choose simply because it is more “risky”. Instead, good financial planning services will help you identify good individual investments that have a high likelihood of generating a strong retirement income.