Meeting with an Advisor: Be Prepared


When we go to the doctor, we are all used to hearing those basic questions that they start their check-ups with: “Do you drink?... Do you smoke?... How much exercise do you get a week?... Are you experiencing any pain?” Those questions, although simple, are critical to doctors. They use those questions to establish a baseline for how they will conduct the rest of the appointment and their advice and recommendations moving forward. An appointment with your financial planner works the same way.

There are specific things about your life, your spending habits, and your future plans that are critical to the plan that your advisor will lay out for you.

Your visit can be a lot more effective, and a lot more comfortable, if you know these basics ahead of time. In order to be prepared for your visit with a financial planner, make sure you think about these five points before you walk through the door.

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5 Basic Tips for Creating a Solid Retirement Plan

You know what the picture is supposed to look like: You spend your whole life on the job, working toward that magical retirement age when your golden years begin — that era when you're rewarded for  your life's labors with the time and resources to pursue your passions, whether it be traveling, spending time with your grandchildren, or pursuing a favorite hobby. But with a rocky economy and the cumulative changes over the last generation, that picture might not be so clear.

No matter how near or distant your retirement may be, there are more than a few simple things you can do to prevent your retirement picture from blurring into something unrecognizable. Consider these basic tips to see to it that your retirement is spent doing what you love, and ensure your retirement picture develops the way you've always hoped.

A good advisor can talk you through the process, recommend appropriate investment tools, offer practical advice on savings, and what's more, keep an eye on your retirement portfolio. Ask friends or colleagues for some trusted advisors, and then get to work.

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