Why Work With a Financial Advisor in Retirement?

If you’ve worked carefully to plan for upcoming retirement, but still seek assurance, then meeting with a financial advisor in your best option. Financial advisors have access to investment and insurance companies and know exactly what to do to make your retirement plans a reality.
Here are a few reasons why you should meet with a financial advisor before and during retirement:

Managing crises

In the event of your death, a licensed financial advisor can make transferring a financial portfolio to your spouse or heirs a seamless process. It’s wise to have a professional take care of your portfolio, because you or your spouse/partner might fall ill, making it difficult to handle finances on your own. Find someone who will competently handle your investment strategy in an emergency.

You don’t have to crunch numbers

It’s likely that you don’t want to spend your retirement focusing on numbers every day. Since portfolio management probably doesn’t sound like fun to you, let someone else take care of it. A financial advisor will take care of all the numbers so your quality of life isn’t hindered by expenses and numbers.

Your money is safe even when you can’t handle it anymore

As we age, it’s common for cognitive and physical declines to occur. These health problems can make it difficult to manage your money. Hiring a financial advisor to take care of your assets before anything happens is a smart idea.

A second opinion

Many people struggle to spend down their portfolio during retirement. This causes them lead less of a full life because they fear running out of money. A financial advisor will bring you much-needed comfort, as they can teach you how to best deal with seeing a smaller balance on a regular basis.

Voice of reason

Financial advisors will prevent you from selling anything in a panic once you no longer earn a salary. Holding onto stocks during a financial crisis is one thing, but it’s different when stocks plunge when you’re retired and need the portfolio to hold up for years to come.

Financial network

A financial advisor can refer you to other financial professionals. You might need a certified public accountant to do your taxes or an estate planner to update your will and trust documents. Your financial advisor knows your situation and can save you time by referring you to a qualified professional.

Ready to Take The Next Step?

For more information about any of the products and services listed here, schedule a meeting today or register to attend a seminar.

Or give us a call at 608.208.1800