Are you looking for someone to advise you on retirement planning issues? There are general financial planners and those that specifically focus their pratice as retirement planners. The right person can help you achieve your financial goals.
To choose the right retirement planner, be clear on what your life goals and objectives are when searching for a suitable planner. Do you want a comfortable retirement, a second home in old age, or the flexibilty to travel?
Next, determine if you need a retirement planner that is local and may own their own business, or do you want to use a full service financial planner from a national firm. National firms have retirement planners that have the backing of lots of in house research and analysts who can generate opinions to use in your financial planning. However, they generally are more expensive than smaller, local retirement planners.
You should always ask friends and colleagues for recommendations and references before you settle on a retirement planner. Try to interview at least three planners, and find someone who understands your goals and listens to your input. After all, it is your money they are dealing with, you should have a say!
In addition, check the retirement planner’s credientials. Certified financial planners must pass exams on a number of topics. Others may have designations in certain fields, and still others will have studied specific retirement issues.
Always make sure you know how your retirement planner will be compensated. Some chare a flat fee, while others get commission for selling products. If you choose a commission based planner, you must be sure to understand what they are selling to be sure you are getting the best advice.
Once you choose a retirement planner, establish how and how often your planner will be in contact with you. Will it involve phone calls, e-mail updates or quarterly reports? Be sure that you stay on top of your retirement planning!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment