Retirement Planning Guide

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Retirement Planning Guide

By ric dalberri, founder, Retirementusa.com

2011

If you are in a retirement planning guide mode, and, you
should plan five years prior to your actual retirement. Here are five reasons
you should meet with a  financial
specialist (advisor)for your retirement planning guide. Keep in mind you should
meet with a few different individuals or firms before making your decision. Be
sure to review their credentials and references and or referrals. This is your
retirement planning guide.

1)   Knowledge and Expertise. Anyone can make
claim to being an advisor. Be sure this is a true professional with
credentials. You should be able to be comfortable and trust your advisor. Most
have extensive education in their field and should be proud to share with
you their achievements and show off a retirement planning guide for
you.

2)   Realistic Goals. You can’t expect to invest
$1 and get back $10,000,000 unless you play and win the lottery. This is
not your retirement planning guide. A financial specialist is trained to guide
you with goals that fit your needs and risk tolerance as well as keeping you
focused to keep your feet on the ground.

3)   Costs. Yes, it usually will cost you some
money to have a financial advisor or meet to have a consultation for your
retirement planning guide. Although, some may forgo the initial fee for a one
time consultation as a meet and greet to get some sort of idea as to what you
are wanting to achieve with your retirement planning guide and what they can
accomplish for you. Many advisors work on incentives (commissions) and get paid
from that product they advise you to invest your money with. If possible, see
if they have a flat fee base and not a commission base. Keep in mind, some
products they offer pay out more incentives to them than others. A True
financial advisor will have your interest, comfort zone and risk tolerance in
the forefront of any investment.

4)   Appointments. You may want to ask friends,
co-workers, relatives who they recommend. This way, you don’t have to
search blindly through yellow pages (they seem to be not in use much) or
the internet. It will be a warm introduction to your retirement planning guide.
One of the ways to seek your financial specialist is with your bank. Many banks
now have in house staff that is qualified to give financial advice for your
retirement planning guide. This does not exclude that this advisor is not
working on salary plus commission and may offer products exclusive to the bank.
Some offer products from third party investments.

5)   Truth or Consequences. By not meeting with a
financial advisor for your retirement planning guide and not being prepared for
your retirement will bring great consequences and will be painfully truthful to
you and your family due to your lack of planning. Remember, your lack of
retirement planning guide does not constitute someone else’s emergency or
fault.

Look at the benefits to a retirement planning guide as
simple as it may be. A retirement planning guide advisor is more than an accountant
,C.P.A or a Tax Attorney. Within your retirement planning guide, an advisor will be
able to determine how much you will need as a monthly income in your
retirement, cost of living, inflation, hidden expenses as well as planning to
downsize.

You can do your due diligence and have a retirement planning
guide or you can plan to fail.