Can You Find a Retirement Advisor?
Have you have worked hard all of your life and looked forward to retirement but have heard so many horror stories about falling stock markets and pensions not being worth half of what was expected? There are major changes in pensions, and governments throughout the developed world are trying to prepare their citizens for major changes, both to pensions and to the way pensions and retirements are perceived.
In order to take the anxiety out of retirement, you may want to consider focusing on financial planning and pension provisions. It is useful to remember that it is never too late to plan for retirement. If you are in your late 40s, 50s, or mid-60s, you can plan a package that allows you to enjoy your retirement. You need solid financial advice and if you find a retirement advisor who cares as much about your retirement as you do, then you'd better keep him.
Here are some of the questions you need to ask yourself when thinking about your future retirement:
What sort of a pension do I have? Is it a private pension or a company pension or a state pension? Have I paid in enough contributions? If you are not sure then it is very easy to find out. Find a retirement advisor to help you make the necessary decisions.
Have you got a house that you are hoping will act like a pension for you? By the time you retire, will your mortgage be paid off, and are you planning to downsize? By moving to a smaller house, you could release equity for your retirement. It is very important that, prior to taking such a big step, you seek advice from an expert.
Independent advice can be obtained when you find a retirement advisor. If your retirement advisor begins to pressure you to pursue financial instruments you do not have an interest in, feel free to walk away.
Perhaps you think you are too young to think about retirement? Well, you are never too young to think about retirement. The earlier you think about it the better deal you are likely to get. Did you know that paying into a pension is one of the best ways to save money, as it is tax free. For more advice on starting your financial planning early, find a retirement advisor that you can live with.
Everyone dreams of having a healthy active retirement, but this is unfortunately not always the case. Every person needs to consider health insurance and health care costs for the future. What will happen if you or your spouse get sick and need prolonged medical care?
This is not something anyone wants to think about, but it is so much better to be prepared, to have some sort of a contingency plan so that you are not at the mercy of events when you are least able to cope with them.
Have you realized that you might be paying more tax than you need to pay? By making a few simple adjustments, you may be able to save money in your retirement. Find a financial adviser who is adept at finding the right financial instruments for you and you may be able to stop leakage from your portfolio.
Click on the blue button to connect with a financial advisor and get the free retirement calculator. The free retirement calculator was recommended by Ray Martin, a top financial analyst for CBS News 'The Early Show.' It determines the maximum amount of money you can safely withdraw from your retirement savings account while ensuring that your money will last a lifetime.