• Home
  • E-Booklets
  • Pay Less Tax
  • Privacy Policy
  • Cheatsheets
  • Contact Us
  • About us

Retirement Income

New Ways to Get More Retirement Income

  • Retirement Advisors
  • Retirement Insurance
  • Retirement Investing
  • Retirement Living
  • Retirement Planning

What Retirement Services May a Retirement Financial Planner Offer?

Posted on December 13, 2009 by bobrichards

With respect to retirement planning, many consider talking to a retirement financial planner essential. Some retirees who don't get expert guidance, later regret a few of the economic decisions produced. So what retirement solutions can you hope for from a retirement financial planner?

The big Picture

A extensive retirement financial planner will provide retirement solutions that analyze the entirety of your financial situation:

• Investments
• Sources of retirement revenue such as social security and pensions
• Income taxes
• Healthcare coverage-both for doctors and hospitalization as well as long term care
• Estate planning
• Forecasts for the cost of living and inflation

The retirement financial planner will mix all this data and analyze it, leading to a written retirement guide for your retirement years that will make practical sense and supply a great dose of peace of mind.

The Particulars

A comprehensive retirement financial planner will also provide the details for the above retirement services including:

Investment administration. Not only will the expert get you started in retirement with the enhanced portfolio, but additionally offer the retirement services to handle your retirement portfolio. This is a crucial retirement service simply because things modify-not only the financial environment but also your needs. At least, the retirement financial planner will rebalance the portfolio annually to realign it with a established allocation.

Provide Medical Care consulting. Numerous retirement financial planners are actually economic planners that deal with people of all ages. Do not choose this kind of a retirement financial planner as there are issues specific to retirement-like the interplay of private health care with Medicare for which the proper retirement financial planner will have expertise and experience. He should be a specialist in advising retirees. The advisor might have an insurance coverage license and thus might help you buy the proper HMO program or Medigap coverage, either of which is a must-have.

Tax return preparation. In the event the retirement financial planner does not really prepare your tax return, he should review it yearly to find out if there's any fine tuning that can help minimize your income taxes. This is an essential retirement service because a $2,000 savings can mean a great extra holiday.

Retirement services for health care also extend into planning for long term care retirement services. Whether you'll self-insure or buy long-term care insurance is a decision to be made when you are healthy.

Last, the arena of estate planning isn't about just issues that arise at death. The retirement financial planner must have expertise with ideas for the following retirement services:

Conservatorship in the event of mental inability

Healthcare power of attorneys and living wills in the event of physical incapacity

Health-related wills in the event of terminal illness.

How to Prosper and Thrive In Retirement

For those already retired seeking to improve their finances
  • The 4 most important issues for any retiree and a quick plan to address each
  • The overlooked annuitization of assets to make your money go farther and reduce risk
  • An easy way to save money on health coverage
  • You don’t need to be rich to plan your estate like this
  • A few simple lessons can reduce stress and bring more joy in your retirement year. Stop worrying and learn the simple
  • actions to take.

    You might also like:

    • Social Security Office Cheating RetireesSocial Security Office Cheating Retirees
    • What's the True Cost of Senior HealthcareWhat's the True Cost of Senior Healthcare
    • Retirement Solutions— Difficult Trends and What You Can DoRetirement Solutions— Difficult Trends and What You Can Do
    • Update on Social Security Cash FlowUpdate on Social Security Cash Flow
    • Estate Financial Planning Has Nothing to Do With Your WealthEstate Financial Planning Has Nothing to Do With Your Wealth
    • Use Life Insurance in Estate Planning to Treat Beneficiaries EquallyUse Life Insurance in Estate Planning to Treat…

    Filed Under: Retirement Planning

    About bobrichards

    Bob Richards
    Editor | Involved in Various Marketing Positions within the Financial Services Industry

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Second place winner best retirement blog

    SH award winner SMALL (1)

    Not Enough Savings to Retire?
    Learn Six Ways to Earn Retirement Income (from home)

    You do not need special talents, skills, computer knowledge, etc. We show you multiple ways others are working a few hours a week to generate a comfortable retirement income.

    Download Free Copy

    Latest Posts

    Update on Social Security Cash Flow

    Update on Social Security Cash Flow

    What's the True Cost of Senior Healthcare

    What's the True Cost of Senior Healthcare

    Social Security Office Cheating Retirees

    Social Security Office Cheating Retirees

    Use Life Insurance in Estate Planning to Treat Beneficiaries Equally

    Use Life Insurance in Estate Planning to Treat Beneficiaries Equally

    Estate Financial Planning Has Nothing to Do With Your Wealth

    Estate Financial Planning Has Nothing to Do With Your Wealth

    Categories

    • 401K IRA Roth Withdrawals, Distributions, and Rollovers
    • Annuities for Income
    • Estate Planning
    • Retirement Advisors
    • Retirement Insurance
    • Retirement Investing
    • Retirement Living
    • Retirement Planning
    • Social Security
    • Supplemental Retirement Income
    • Tax Savings
    • Alternative Investments
    • E-Booklets
    • Pay Less Tax
    • Privacy Policy
    • Cheatsheets
    • Contact Us
    • Subscribe
    • Sitemap

    Recent Posts

    • Update on Social Security Cash Flow
    • What's the True Cost of Senior Healthcare
    • Social Security Office Cheating Retirees
    • Use Life Insurance in Estate Planning to Treat Beneficiaries Equally
    • Estate Financial Planning Has Nothing to Do With Your Wealth

    The Retirement Income Blog

    25A Crescent Drive #1508
    Pleasant Hill CA 94523
    T: 844-887-4131
    E: [email protected]

    © 2018 Retirement Income