Retirement Isn’t in Retirement Despite Tough Times [Advertorial]

We live in a time of specialists. If you have a heart problem, would you go to a Proctologist? No, you’d visit a Cardiologist; the same goes for your retirement portfolio. There are many general physicians, financially speaking, but they may not be the appropriate person to take care of your specific needs.

It’s no secret that people are living longer in this era. So what used to be enough saved for retirement won’t cut it these days.  After the economic crash in 2008, many pre-retirees and retirees lost almost half of what they’d worked so hard to save throughout their careers. Therefore, the number one concern for retirees today is not, “Will I outlive my income,” but “WHEN will I outlive my income?” For many a loss like this can seem devastating, but solid financial advice can go a long way to recovering what has been lost. The worst thing you can do is nothing. Just make sure that you choose the right person for the job.

Wouldn’t you get a second opinion if you didn’t feel well and your doctor kept saying, “Don’t worry, you’ll get better at some point,”? The same mentality should run with your retirement nest egg. If you aren’t feeling good, maybe you should get a second opinion on your financial, retirement health.

Do your research first. There are many qualified and trustworthy companies in Northern Colorado that are Retirement Specialists.  A good first step would be to look them up on the National Ethics Association or the Better Business Bureau and to attend any public educational events they are hosting. Here are a few other things you should consider to help you choose a financial advisor that will best fit your needs. See how long the advisor has been in your area. Often times, advisors with bad reputations will tend to move frequently to avoid any awkward situations with previous clients. You can also ask the specialist for a list of their clients that you could speak with to see how their experience has been.

No matter what conclusion you come to in the end, be sure that you have a plan in place that will protect you and your nest egg from unforeseen market volatility.  A good retirement plan does the following: It guarantees safety from market volatility, it provides a steady stream of income (if you need it), and is a roadmap for those you leave behind on this earth after your passing. Another thing to look for is a plan that is flexible. Retirees these days can change their plans in an instant. One year you may not want as much income, but then may need it a few years down the road. Flexibility in a retirement plan is also a must for retirees.

If you would like some friendly advice from our local expert, GrowSecure, on this topic, please feel free to find out more about them on their expert page.