It may seem like retirement is far away, and that’s one of the reasons people procrastinate and do nothing to save for it. How do the years fly by so quickly, almost without anyone noticing? When raising children, changing jobs, even taking care of the house and yard work, or paying for automobiles, all take time and money, leaving thoughts of saving extra retirement funds for the future by the wayside. When an individual does decide to get serious about their future retirement, where they want to spend it, and how they plan on affording it, they need to talk to someone they trust.
Obtaining the assistance of someone they trust to help them with their wealth creation is paramount to the success they’re going to have. A financial planner is going to offer suggestions based on the goals their client has, and how much money they’ll regularly have to put aside. Finding a person that doesn’t have dollar signs in their eyes instead of putting their client first is equally important, and is another element of trust.
Another important aspect to consider is that clients should call on a Certified Financial Planner who’s certified by the Financial Planning Association, (FPA). A client should want to know their fee structure and be able to see for themselves, in detail, where their money is going. Financial planners should also have documents that prove they are what they say. Clients should work with a person they feel comfortable with, and one that puts them first no matter what amount of money they have to put aside.
Some people will invest in safer methods of the stock market, such as long standing companies who’ve always held their own, or in government bonds which are guaranteed to be repaid in a certain number of years. Other people who may have a long way to go until they retire may like the idea of diversification in their investing, such as investing in brand new companies with a bold new future, and older companies with a good strong name.
Other clients will purchase homes as an investment, or large insurance policies that will gather a large cash value. Once a potential client meets with their new financial planner, they’ll gain peace of mind knowing their future is being taken care of, and their long term goals will be met.