These 4 People Can Change Your Retirement

These 4 People Can Change Your Retirement

Although the idea of a relaxed, worry-free retirement can seem simple, it is important to note that retirement planning can be quite complex. Setting yourself up for the future can often be accomplished more easily when you have a team of people behind you. Here are a few examples of individuals you should consider having on your team:

Financial Planner
Although this might seem like an obvious choice, according to Forbes, only 52% of pre-retirees, and 44% of retirees consult a financial planner. You wouldn’t try to rewire your house without using an electrician, so why attempt the even more important task of retirement planning by yourself? Aside from giving you a comprehensive view of your financial picture, they help to take the emotion out of investing, which can often be problematic for those making decisions on a whim.

Estate Planner
Having a rock solid estate plan isn’t something that is only for the rich and famous. Estate planners help to ensure that your assets transition to your children or other family members in a timely, tax advantageous manner. Although there are many different estate planning strategies, having a professional evaluate your unique situation could save your family time, money, and stress down the road.

Accountant
Let’s face it, no one likes paying taxes. Tax strategy becomes even more important when it comes to retirement, as the more tax advantageous the strategy, the longer your money will last you in retirement. Similar to financial planners, accountants can also help you to set and achieve savings goals, which can be crucial in your retirement. Always dreamed of going to Spain, or to buy that Corvette? Talk to your accountant to see how you can start making those dreams a reality.

Friends and family
Retirement preparation can be a daunting task, and it can leave you feeling alone, stressed, and a bit anxious. Leaning on friends and family for advice during this time period can be extremely helpful, as they are the ones that know you best. You may just find that you were making a mountain out of a molehill in regards to a certain concern, and a good friend may be able to set you straight.

Overall, when it comes to retirement planning, there is no “I” in “team”. Utilizing the advice of professionals may cost money now, but they can save you a huge headache in the future. It’s your retirement, and you deserve to do it right!