Financial Advisor Income
Financial Advisor Income: How Does it Affect Your Retirement Savings?
Most everyone - whether they have actively been saving for and investing in their retirement or not - understands that it is important to consider the future and to plan for it. Some people, however are a bit more skeptical about retirement savings and that skepticism stops them from pushing forward, setting goals and developing a plan for reaching them. Their skepticism isn't usually directly related to their own retirement income, it usually has a lot more to do with advisor income .
Specifically, rather than being concerned about whether or not they will have the income that they need once they retire because of money that they have saved and invested, they get caught up in the fear that advisor income is the only thing that matters to the financial advisors in their area. They are concerned that, for every savings account, stock certificate, savings bond and mutual fund that their financial advisor recommends, they are making a contribution simply to advisor income - funding their retirement planner's savings more than their own.
With the retirement calculator that you can download on this page, you will find that you are able to plan for your retirement and talk with a financial advisor who is more concerned with helping you to reach your savings and investment goals than his or her own. The retirement calculator will help you to take a closer look at the savings that you have and whether or not your accounts are accumulating interest at a competitive rate; you will even be able to compare different savings plans on your own to see whether or not another plan would be better for reaching your goals.
Similarly, you will be able to use the retirement calculator to look at stocks, mutual funds and investment packages that will allow you to get a feel for whether or not those investments would help you to reach your income goals. Look at stocks and mutual funds. See how they have performed over time and how they are projected to perform in the future. Get a sense of whether or not they will help you to achieve your financial goals.
When you receive a free follow up call from a financial advisor, you will have already done your research and established a sense of whether or not particular accounts would be right for your needs. You will be able to ask questions and get answers and advice, but you won't have to focus on the advisor income because you will still be in control of whether or not an account is right for you - you will be able to check it out using the retirement calculator.
Don't let your concerns about advisor income and misleading advice stop you from saving for and investing in your future. Take steps to get the knowledge that you need, understand your goals and the options that will help you to accomplish them and work with the right advisors - financial advisors who you can trust. It's easier than you may think.