When it comes to retirement planning, making the right financial decisions for your future is essential. With the cost of living constantly rising and an uncertain future, planning for retirement can be an overwhelming endeavour. That’s why many Americans are turning to financial advisers to help them navigate the path to retirement.
Ideally, it’s best to look for a fee-only certified financial planner. These professionals must complete extensive coursework, have experience, and be held to a strict code of ethics. They may charge a flat-fee or hourly rate, or operate under an assets-under-management (AUM) model, but it’s important to look for a fiduciary adviser who puts your best interests first.
The National Association of Personal Financial Advisors (NAPFA) offers a “find an adviser” tool to help you find the right person for your needs. But, it’s important to do your homework beyond just selecting a name from the list. Make sure to ask questions to ensure you’re getting the best advice.
Chartered financial analysts (CFAs) may also be a good option for more complex equity investing strategies. These professionals have also completed rigorous exams, and focus on a range of financial issues like investment management, financial reporting, and corporate finance.
If you’re looking for a new financial adviser, the National Association of Personal Financial Advisors (NAPFA) “find an adviser” tool or the Certified Financial Professional’s Let’s Make a Plan portal can help match you to an advisor who may meet your needs.
When it comes to retirement planning, it’s essential to find the right financial adviser to help you reach your financial goals. With the right professional guidance, you can plan for a secure financial future.
0. “Small Changes, Big Results: What You Can Do To Minimize Costs And Plan For Retirement” Entrepreneur, 11 Mar. 2023, https://www.entrepreneur.com/finance/small-changes-big-results-what-you-can-do-to-minimize/447426
1. “I plan to retire at 62. I get $1,500 a month in rental income and have $200,000 in savings. Should I get a financial adviser to help me?” MarketWatch, 13 Mar. 2023, https://www.marketwatch.com/picks/i-plan-to-retire-at-62-i-get-1-500-a-month-in-rental-income-and-have-200-000-in-savings-should-i-get-a-financial-adviser-to-help-me-8b1baac0
2. “Recently, I've been ‘over-employed,' working two jobs to rake in $300K a year. Now I have enough saved to buy a …” msnNOW, 9 Mar. 2023, https://www.msn.com/en-us/money/personalfinance/recently-ive-been-over-employed-working-two-jobs-to-rake-in-dollar300k-a-year-now-i-have-enough-saved-to-buy-a-business-but-i-need-trustworthy-advice-where-do-i-turn/ar-AA18pfS0
3. “I’m 70 and weighing whether to ‘sell everything’ and put it all in Treasuries, or hire a financial adviser even though it would cost $20K a year. What should I do?” MarketWatch, 15 Mar. 2023, https://www.marketwatch.com/picks/im-70-and-weighing-whether-to-sell-everything-and-put-it-all-in-treasuries-or-hire-a-financial-adviser-even-though-it-would-cost-20k-a-year-what-should-i-do-6793bfba