Retirement is closing in fast.
Whether you like it or not, your next few moves could make the difference between a comfortable retirement and a starving retirement.
That’s why I’ve compiled your next 6 steps so you can take that comfortable retirement you’ve worked so hard for…
Are you ready?
You only have one retirement. That means you only get one go at making it count.
And a BIG choice on that path is choosing a financial advisor who can guide you to your dream retirement.
While The Midas Legacy is here to be your main resource for receiving the best investment advice and give you everything you need to reach the retirement you want, a financial advisor focused on retirement will provide you with the one-on-one you may need along the way.
Here are the 6 steps to picking out the perfect retirement advisor and making sure that retirement you’re going to dive head first into is a comfortable one:
Step 1: Prepare
For one of the biggest decisions you’ll ever make, doing a bit of homework will be well worth it.
The first thing you need to do when selecting a financial advisor is to simply ask around.
Figure out who’s happy with their retirement advisor and who isn’t. Find out why and get as specific as possible.
At the same time, you also need to be deciding exactly what you need.
Again, specific details are key. When do you want to retire? How much will you need? What do you want to do in retirement? How aggressive do you want to be with investments?
Step 2: Pick 3 to Meet With
You may think you’ve found the perfect person for the job after speaking to a friend who gushes about a particular retirement advisor.
Do yourself a favor and pick out another couple of advisors to meet with.
Just because someone is a perfect fit for your friend’s situation, that doesn’t mean the same person will be perfect for you.
Step 3: Ask the Right Questions
Most importantly, find out how they’ll get paid.
Thankfully some recent regulations have been passed that require virtually all retirement advisors to be fiduciaries, which simply means that they must act in the best interest of you.
However, understanding how a retirement advisor gets paid allows you to understand if they are working for your best interests or their own.
Step 4: Check Their Claims
Double-check everything about the financial advisors you meet with, from licenses to other credentials to past performance if they handle investments. Cover all your bases before committing.
Do an Internet search on your potential retirement guide. Plenty of info is normally available on the U.S. Securities and Exchange website.
Step 5: Read the Paperwork
This final step is one that will be tedious and a little boring, but it’s important.
Read carefully and ask as many questions as possible.
Make sure your retirement advisor of choice has the answers to it all, and that those answers are what you want to hear.
Step 6: Check-In Often
Picking the right advisor isn’t the end.
On top of meeting with him or her annually, be sure you’re keeping up with the growth of your retirement plan. If you’re getting off track, contact your advisor and find out why.
Do yourself a huge favor and make sure you’re not taking this decision lightly to make sure you’re retiring as comfortably as possible.