Selecting a Financial Advisor

Selecting a Financial Advisor to help you Get Ready. Set. Go! for Retirement.

Retire Fast.

Do you remember when our elders told us that we would eventually have to start planning for the future? Selecting a financial advisor isn't what we had in mind. As a youth, we never really took the time to understand the importance of that. But, as time moved on and we moved out, we knew exactly what they meant.

Life is hard. Life takes a lot of decision making. We have many short-term and long-term aspirations and goals. We have concerns for ourselves and loved ones. What we need to do is come up with a plan that will put it into perspective.

The first step in achieving that financial security and freedom is selecting a financial advisor. This is usually the hardest part of the process. Where to look? What to look for? You should do your homework. Remember - you're not just selecting a financial advisor - you're planning for the rest of your life.

When selecting a financial advisor, make sure that he or she is licensed. Find out how they will be compensated for their services. Establish a good relationship. Make sure that they are in it with you for the long haul. And last but not least, make sure that they have your best interests in mind.

Your relationship with your financial advisor is very important. He or she must know pretty much everything there is to know about your situation in order to devise a plan that will best suit your needs and wants. Don't focus on one aspect, but look at the broader picture. This will be your road map.

After selecting a financial advisor, he or she should sit down with you and discuss your portfolio. Whether it's RRSP's (Registered Retirement Savings Plans), annuities, 401k's, securities, mutual funds, IRA's (Individual Retirement Accounts), insurance or healthcare, understand where you stand and what changes need to be made, if any. Diversify.

Your financial advisor should also make revisions at least once a year based on your lifestyle changes and priorities. Expect the unexpected. Your life changes and so should your plan. It may involve your income, education, purchases, vacations, divorce, bankruptcy or repossessions. Whatever it is, prepare for it.

If you've never given this idea much thought, maybe you should. If you have, then maybe you should do something about it if you haven't already. The best thing you can do for yourself is know where you stand right now and what you can do to fix any problems you may have.

Bob's free retirement calculator is your first step towards reaching your goals. What is the retirement calculator you ask? It is free software that gives you tools and resources necessary to assist you in making critical economic decisions regarding your retirement.

This software was recommended by Ray Martin, the top financial analyst for CBS News The Early Show. Selecting a financial advisor is as easy as pie. Click the blue button below and access this amazing tool. It's free and easy to use. What do you have to lose? It's your future.