Unfortunately, finding a good financial mentor can be challenging. Wall Street institutions spend millions of dollars to convince you that their brokers can help you navigate retirement successfully. We strongly suggest that you work with a fee-only fiduciary, Registered Investment Adviser (RIA), and Certified Financial Planner (CFP), as we are. We believe it is important to understand the difference between these four qualifications of a fiduciary adviser and a stockbroker financial planner, cloaked, sales agent who provides advice in hopes of selling you variable annuities, high-cost investment management or other expensive diversions from your pocket to their bonus pools. Many traditional banks and brokerage firms may meet one of the requirements, or even two, however your advisers should meet all four.
Finding an advisor who can provide retirement planning services tailored to your needs and priorities may be the most important financial decision you will ever make. If you are retired or nearing retirement, let us personally invite you to contact Wealth Analytics for a free retirement readiness consultation to discuss your options.