How A Certified Financial Planner Will Help You With Retirement
After years of hard work you are now thinking about the retirement years ahead of you
. That's why it is important to retain the services of a Certified Financial Planner (CFP) when you are preparing for your retirement. A CFP will help you navigate the decisions you will need to make and the steps you need to take to ensure that your golden years are the most enjoyable of your life.
A CFP will help you with the following aspects of your retirement and will help you make the most of your retirement nest egg:
Financial Planning and Saving: Whether you are one year or 20 years away from retirement, a Certified Financial Planner will work with you to assess your current retirement savings and develop a savings plan for the future.
Taxes: CFPs are highly adept at devising tax strategies to maximize your retirement income. They will work with you to maximize your pre-tax savings plans and assist you in setting up different investment vehicles that will minimize the impact that any future tax policy changes may have on your retirement income.
Government Benefits: Including government benefits such as Social Security and Medicare into your retirement financial planning is normal, but it takes some detailed calculations and understanding of trends to determine if they will be sufficient for your needs as you get older. A CFP understands this and will help you develop a strategy to deal with any potential benefit shortfalls or unexpected benefit changes that may arise in the future. Indeed, health insurance will be the number one concern in your retirement, and a CFP understands this and knows how to plan for it.
Investment Assessment: As is the case with investing, there are always risks. Talking with someone who understands those risks and can build a portfolio for you that is profitable and safe is the wisest investment you will ever make.
Estate Planning: Many people want to ensure that their retirement savings will last through their retirement so that they may leave some for family and charity. A CFP will work with you to include this into a comprehensive retirement strategy.
When you are ready to begin preparing for your retirement, be certain that the person you are meeting with is a Certified Financial Planner. Without a doubt, the time you invest in that meeting will be the most important investment you will ever make.