Retirement planning has become more challenging in recent years. Aside from current market uncertainties, there are other more constant issues to consider, such as inflation and taxes. Investors planning for retirement have questions about how these factors will affect their retirement funding issues. Have I saved enough? What is a reasonable and sustainable withdrawal amount? Can I plan for retirement while also meeting other intermediate financial goals, such as educating children and paying off debt?
These and other questions weigh heavily on the minds of most retirement investors. What’s the solution? While it may be necessary to adjust your financial expectations for retirement or even postpone your retirement date, you can still achieve retirement security. But to do so, you’ll want to engage the services of a financial planning expert. Once retained only by the wealthy, financial advisors now assist all types of investors in making decisions about retirement. In fact, in a landmark survey conducted by the Certified Financial Planner Board of Standards, Inc., the most common reason for people to begin financial planning is to build a retirement fund. And among those who use a financial advisor as their primary source of guidance, a landmark 2004 survey found that 81% were extremely or very satisfied with the advisor.*
*Source: Certified Financial Planner Board of Standards, Inc., 2004 Consumer Survey.