You’re Close to Retirement. What Financial Planning Options Do You Have?

Retirement today is one of the most complicated subjects and also one of the most important, with a growing baby boomer population.

To help determine what type of financial advice is most applicable for you, it depends on where you are on the retirement spectrum. If getting closer to retirement, it is important to engage with a financial advisor and an estate planning attorney to verify what is in your best interests.

There are many different issues that a financial advisor can address, including when to file for social security, the most cost-effective methods for paying for health care including long term care, how to stay ahead of inflation without being exposed to too much risk and how to invest their nest egg appropriately.

A robotic advisor, which is becoming increasingly common in the marketplace today, may not be the right fit because there are many different needs that near-retirees face, and they’ll want to get personalized responses from an experienced professional. An overall picture must be reviewed in conjunction with your financial plan, because your estate plan and your financial plan often intersect and have important influences on one another.