article thumbnail

Do You Still Need A Financial Advisor After You Retire?

WiserAdvisor

They can assess your financial situation, long-term goals, risk tolerance, and investment preferences to create personalized strategies. They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks.

article thumbnail

The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

This article will discuss the five pillars of retirement planning and why they are a critical component of your retirement plan. At its core, investment planning ensures that your financial resources are strategically allocated to various asset classes in accordance with your risk tolerance and investment objectives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You Should Avoid Focusing on Retirement Taxes

Talon Wealth

However, you may not understand what is the purpose of tax-deferred retirement accounts or understand that these accounts may not necessarily provide the best investment options for your situation. You also have to consider factors such as risk tolerance, investment goals, and asset allocation when making investment decisions for retirement.

article thumbnail

Why You Should Avoid Focusing on Retirement Taxes

Talon Wealth

However, you may not understand what is the purpose of tax-deferred retirement accounts or understand that these accounts may not necessarily provide the best investment options for your situation. You also have to consider factors such as risk tolerance, investment goals, and asset allocation when making investment decisions for retirement.

article thumbnail

How do Financial Advisors Help in the Accumulation of Retirement Income?

WiserAdvisor

Financial advisors can offer insights into a diverse range of investment instruments, including stocks, bonds, real estate, and precious metals like gold, and align the recommendations with your risk tolerance and long-term goals. These professionals also go beyond the numbers and charts and educate you about investing.

article thumbnail

Delay These 7 Actions Until Your Retirement Is Finalized

WiserAdvisor

It is also essential to consider factors like climate, proximity to family, friends, and healthcare facilities. Major investment decisions before retirement may upset your retirement budget. It is essential to have a prudent investment strategy tailored to your retirement goals and risk tolerance.

article thumbnail

Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

WiserAdvisor

This percentage accounts for the likelihood that some pre-retirement expenses, such as commuting to the office and socializing, may decrease while others, such as travel and additional healthcare costs, may increase. Applying the 80% rule, you should plan on having at least $72,000 annually during your retirement years.