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The folks at Deloitte in a survey back in 2012 found two-third of respondents did not use the services of a retirement financial planner or any such services.
The Reasons
57% stated they are good and comfortable to do by themselves Stevan Jovetic Jersey , 38% said they don't need any professional help for retirement planning while 12% they can't afford financial advisor and nearly 4% said they don't know how to reach retirement financial planner.
Having the right financial planner can make a world of difference. Research by Financial services council showed people who received financial advice were almost $100,000 better off in retirement.
So, keeping all the things in sight here are few tips to choose good retirement planner
Attention to qualification:
It's a worrying fact only 52% # of advisors have a degree or higher
Educated certified financial planner are in demand at every arena Stephen Danso Jersey ,
Choose wisely:
Now banks employ teams of Financial Planners or retirement financial advisors to give advice sell products that in many cases the banks themselves own. How can you be sure you're getting the best advice, without being sold an in-house product that may not meet your needs?
The credential of advisors:
All credentials are different. Ways of obtaining genuine credentials are passing an examination which demonstrates proficiency in the subject, to maintain the designation Samuele Longo Jersey , practice of ethics policy.
Advisors with CFP designation are becoming choice for clients and employers this CFP designation is recognized in 26 countries so one could go with this credential. Always cross check your planner's credential along with complaint record before getting him in.
Our retirement financial advisor provides the best advice and make a best retirement plan help in the cost of their care and reduce a lot of the stress in old age like rent payment.
A TRP isn't always the most effective strategy. If you have investments outside super, you may actually be better off keeping your super as it is and using your other assets to supplement your income. In your retirement financial planning our advisor can help you choose the best option for your situation.