subject: Getting The Right Retirement Planning Services [print this page] Retirement planning is never an easy process and most definitely not something which you can plan and handle all by yourself. You surely do need professional guidance to make sure that you are planning your retirement in the best possible way, without missing on the important considerations. After all, only a perfectly executed retirement planning can gift you the best years of old age sans any worries. But then again, you need to make sure you are hiring the right financial advisor for your job.
Tips for selecting the right professional
So, when you are out looking for that right financial planner for your retirement planning, these are some of the tips that will help you in making a good selection:
The first thing that you should check when hiring a professional from a retirement planning service firm is his/her qualification. Everybody claims himself or herself to be an expert in their field, yet they may not even have the degrees or experience for the same. The most recognized degree for a financial advisor is CFP or Certified Financial Planner and this is one degree which only a quarter of the finance professionals have. So, when you choose a planners services, look for this most acknowledged degree.
However, even with the CFP you cannot always be sure of hiring the best in the industry. Years of experience, education, high ethics and integrity of the individual also count. So, the best way to go about it will be to check the ChFC (Chartered Financial Consultants) and PFS (Personal Financial Specialists) status of the professional besides his CFP status.
Financial advisors, who are not very well trained in comprehensive retirement planning, may often just end up suggesting the investment options of the companies. A good retirement planner should discuss the various investment methods intelligently other than simply recommending them. So if your financial planner goes on insisting on methods rather than discussing the pros and cons of each method with you, then better look for another advisor.
