Are you ready to Retire?

Jill Isbell |

How can you give yourself, even at a young age, the options to change your work direction and still be financially stable? Let’s consider six choices you can make to help you on the road:

  1. Take advantage of your personal or companies’ retirement options. 401ks’, traditional and Roth IRAs. There are limitations on these programs but worthy to use if eligible
  2. Stay out of credit card debt.
  3. Be vigilant with your investments. Don’t get caught up in market booms and busts…have a plan and follow it. If you have trouble keeping your emotions out of your investing, then rely on the steady advice of a trust Financial Advisor.
  4. Make your retirement goals real to ease sacrificing today for the sake of tomorrow. Include your family in your planning.
  5. Do you have trouble writing out checks? Make retirement savings automatic.
  6. Take an honest look at how much you will need to retire and make a plan. Again, this may require that you talk with your Financial Advisor.


What should you look for in choosing a Financial Advisor?

*Understanding Personal Financial Advisor

Finding a personal financial advisor can be a daunting and confusing task as there are many financial services professionals whose duties are similar to those of financial advisors. Professional organizations like the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) can help locate advisors in your area. When choosing a financial advisor, it is important to verify their history and credentials. For example, ask if they have FINRA licenses or professional designations. In the US, financial advisors hold FINRA series 7 and series 65 or 66 licenses. Certified Financial Planner® (CFP®), chartered financial analyst (CFA), chartered financial consultant (ChFC), and registered investment advisor (RIA) designations are good indicators of an advisor's experience and training. Also, financial advisors may act in other capacities. For instance, they may be accountants, legal professionals, or brokers.

  • Information taken from Investopedia


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