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Retirement Advisor

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on June 14, 2022

A retirement advisor is a financial planner who specializes in helping people plan for their future after they stop working. Sometimes, the term “retirement planning” is used more specifically to refer to planning for how a person will pay expenses during his or her retirement years.

Retirement advisors can help individuals answer questions such as:

  • How much money do I need to save for retirement?
  • How should I invest my money in order to make sure it grows enough to last me through my retirement years?
  • Should I save in a tax-advantaged account like an IRA, or do something else with the money?
  • What are the best ways to convert my savings into income that will last throughout my lifetime?
  • What is the best way to invest my savings so that if I die prematurely, my spouse or other beneficiaries will still receive a certain amount of money?

Retirement planning is a complicated process. A retirement advisor can help you navigate through all of your options and choose the best plan to reach your goals.

Many people who are considering retirement early in their careers seek advice from financial planners. However, retirement advisors are available at any age and recommend specific strategies based on your personal situation.

Retirement planning is not something that should be done without professional assistance because you could lose valuable time or make decisions that will prevent you from achieving your financial goals.

Retirement advisors can help you avoid pitfalls common to retirees, such as outliving your money and providing guidance on how to make the most of your resources.

How Do I Find a Retirement Advisor?

The best way to find a retirement advisor is to ask family and friends for recommendations.

You can also go online and search for “retirement advisors near me.” Be sure to research any advisor you are considering hiring. Check to see if he or she is registered with the Financial Industry Regulatory Authority (FINRA) and whether he or she has any complaints filed against him or her.

Why Should I Get a Retirement Advisor?

There are several reasons to get a retirement advisor.

First, retirement advisors have expertise in the field. They are well-versed in the various retirement plans available, the tax benefits of each plan, and how to avoid common mistakes that can derail your retirement planning.

Second, it is difficult to navigate through all of your options on your own. There are many factors you should consider when choosing an investment strategy for your retirement savings including your age, health, income needs in retirement, and risk tolerance.

Perhaps most importantly, if you meet with a financial advisor early in your career, he or she can design a plan tailored to your unique situation and help you make the right decisions to ensure that you will have enough money to retire when you want and live comfortably during your years of retirement.

The Benefits of Having a Retirement Advisor

Retirement advisors can help you save money in taxes by choosing the best retirement plans for your situation.

They also walk through all of your options to ensure that you are making the most of your retirement savings.

An advisor can also help you plan for unexpected events, such as needing long-term care or outliving your money.

Having a retirement advisor gives you someone to rely on for guidance and support throughout the retirement planning process.

The Bottom Line

Retirement planning is a complex process and it’s important to have someone who can help you navigate through the different options available to you. A retirement advisor can provide you with personalized advice based on your individual needs and goals, and help make sure that you are on track for a comfortable retirement.

If you’re nearing retirement age, or just starting to think about retirement planning, it’s a good idea to talk to a retirement advisor. He or she can help you make the most of your resources and reach your retirement goals.

A retirement advisor is a professional who helps people plan for their retirement. He or she can provide guidance on the various retirement plans available, how to make the most of your resources, and how to avoid common mistakes.
The best way to find a retirement advisor is to ask family and friends for recommendations. You can also go online and search for "retirement advisors near me." When considering an advisor, be sure to check to see if he or she is registered with FINRA and whether he or she has any complaints filed against him or her.
There are several reasons to get a retirement advisor. First, retirement advisors have expertise in the field. They are well-versed in the various retirement plans available, the tax benefits of each plan, and how to avoid common mistakes that can derail your retirement planning. Second, it is difficult to navigate through all of your options on your own. There are many factors you should consider when choosing an investment strategy for your retirement savings including your age, health, income needs in retirement, and risk tolerance.
Retirement advisors can help you save money in taxes by choosing the best retirement plans for your situation. They also walk through all of your options to ensure that you are making the most of your retirement savings. An advisor can also help you plan for unexpected events, such as needing long-term care or outliving your money. Having a retirement advisor gives you someone to rely on for guidance and support throughout the retirement planning process.
When considering a retirement advisor, be sure to check to see if he or she is registered with FINRA and whether he or she has any complaints filed against him or her. You should also ask the advisor about his or her experience in the field, what type of services he or she offers, and how much he or she charges for those services. It's also important to make sure that the advisor's investment philosophy aligns with your own.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.