Retirement Plans

Retirement Plans Information

Studies show that people who use a financial planner are better prepared and more confident about their retirement. 

Choosing a Financial Adviser:  Financial planning is complex and should be comprehensive and as of recent, only those with a CFP (certified financial planner) designation can define themselves legally as a "financial adviser".   Since this is a new regulation, make sure, before you accept financial planning advise, that you are working with a CFP; a person commitment to ongoing financial learning and competence in financial knowledge. 

Fee-only financial planners are registered investment advisers with a fiduciary responsibility to act in their clients' best interest. They do not accept any fees or compensation based on product sales. Fee-only advisers have fewer inherent conflicts of interest, and they generally provide more comprehensive advice.

Financial planners differ in their investment philosophies and personalities.  It is important to feel comfortable talking with your adviser and their investment strategy. The adviser you choose should reach out to you at least annually (and as frequently as quarterly) and always makes themselves available to answer questions. 

A complete plan addresses your goals, priorities and risk tolerance.  It addresses your spending and saving habits.  A comprehensive review should include assets that will be under management as well as those that are not, such as in an employer 401K.  When the plan is complete, you should have an educated estimation if and when you can retire and with what standard of living if you continue with the present plan and what changes can be made to enhance the retirement plan. Impact of the illness, injury or death should also be discussed with assessment of existing life, disability and long term care policies, as it does not matter how well an adviser does with the growth of a portfolio if it is lost due to catastrophic illness, injury or death.

To talk with a financial adviser, please request a call.



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