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Your retirement, reimagined: refine your vision with professional financial guidance

Of all of the stages in life, this one uniquely belongs to you. Now it’s your time to shine, refine and align your vision so you can feel good about retiring.

Why consult with a financial advisor?

Like most people, you’ve likely thought about what life may be like when you retire. Refining your vision and aligning it with your financial life is essential to living well when the time comes. Getting a little help along the way can be beneficial.

When you start with a professional financial advisor you begin the process of wisely managing your finances over time with a personal guide to help negotiate the financial barriers that inevitably arise in every stage of life, so you can confidently plan and save for what matters most to you.1

Our entire life is a series of stages requiring specific considerations. We hire doctors, lawyers, dentists and car mechanics for a reason. Just as these professionals provide specialized services, so too can financial advisors.

Having a powerful ally can help set you up for success and provide the knowledge to help navigate your financial life so that you can find your sense of well-being and balance. Seeking out an advisor is a personal choice, so we want to give you some ideas on how to find the right financial guidance for you.

Can a financial professional help?

Where do you start?

Imagine your best retirement. Then, write it down in detail so you can make a plan. Based on where you are in life, you may need to refine your approach and that is where professional guidance can help.

Advisors can help you come up with a plan, support you if you’re on the right track, help reaffirm your choices and make suggestions to further maximize your investments so you can decide about what to do with your money.

Selecting the right financial professional for you means finding someone who will be in it for the long-haul and who will evaluate your entire financial picture.

Can a financial professional help?

Tips for finding an advisor, let knowledge be your guide

Every financial journey needs direction. Let your knowledge be your guide. Here’s a few tips as you search for professional guidance:

  • Referrals:
    • From friends and family
    • From other professionals (CPAs, attorneys, etc.)
  • Look for:
    • Someone who will understand you – your vision and your current situation
    • Someone who wants to solve problems – not pitch products
    • Someone to build a relationship with and who wants to stay in touch1
  • Find:
    • Someone who can educate you, speak simply to help you make smart decisions
    • An advisor who will respect your assets – no matter how small

TIP: review their firm’s website and the advisor’s LinkedIn page to get a sense of who they are and what they do. Also search for the advisor on FINRA’s BrokerCheck and the SEC website to see if they have a clean business record.

Question everything

Know before you go: ask the important questions and above all, trust yourself. Here are some questions you may want to review as you select a financial professional:

  • Do they listen and develop a personalized, actionable plan that includes all aspects of financial planning?
  • What is their background and qualifications? Are they Series 6, 7 or 65 registered? Do they hold any financial professional designations? How long have they been in the business?
  • What is the profile of their average client? Do they specialize in serving any particular type of client?
  • How often do they interact with you? Will you mostly deal with them vs other team members (assistants, paraplanners, etc.)?
  • How are they paid? Are they paid on commissions, fee-only basis, or commissions and fees?
  • Have any formal complaints been filed again them?

TIP: Are their special considerations you need to incorporate into your financial plan? Look for someone who understands and offers experienced planning for special considerations such as planning for people with special needs or their caregivers or retirement planning for women.

Be selective, understand fee structures

We all want value for our money. If you think you have found someone you trust, be sure to find out how they are paid so you can feel good about getting the guidance you need.3

Be intentional

Remember, your life is dynamic, ever-changing and hopefully offers you a wealth of wonderful experiences and growth. Retirement is no different and adjusting your plan for the inevitable changes throughout your working years allows you to achieve your financial goals and live your best retirement.

When you work with a professional advisor and get the guidance you didn’t know you needed – you are likely to know more, save more and progress confidently toward your goals. When you are clear on what you want most when you retire, together, you and your advisor can pave the way so you can move securely to this next phase of life – that is uniquely yours.

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1Financial Planning Association of Massachusetts, FPMA, How a financial planner can help you, last accessed September 13, 2018; https://www.fpama.org/consumers/financial-planning-101/how-a-financial-planner-can-help-you

2Voya Financial, Consumer Survey with Greenwald and Associates

3Think Advisor, Commonwealth Financial Network, September 20, 2016, Refining Your Retirement Savings Recommendations by Generation, last accessed September 13, 2018; https://www.thinkadvisor.com/2016/09/20/refining-your-retirement-savings-recommendations-b/?slreturn=20180811133418