If you're debating whether you need a financial advisor in retirement, you're asking an important question.
Whether you have worked with a financial advisor in the past or have always been a Do-It-Yourself investor, moving into retirement is a big transition that brings complicated questions, like:
• How do I turn my retirement savings into long-term sources of income?
• How do I reduce my tax burden?
• How do I set my income and expenses?
• When should I start drawing Social Security?
• Where and how should I invest my money after retirement?
• What do I do if the stock market takes a downturn?
• What accounts should I withdraw my money from?
Managing your own retirement plans or other investments while you were still earning money might have worked fine for you, and hopefully you've hit your retirement goals. But with questions like the ones above, you may now be considering post-retirement financial management.
Learn what questions you need to ask yourself, what you can expect when working with a retirement advisor, and what questions to ask before you hire a financial advisor.