Financial Advisor and Retirement Planning in Marietta, Woodstock, and Roswell
When you’re seeking a Marietta financial advisor, a Woodstock financial advisor or a Roswell financial advisor in the Georgia area, you simply deserve the utmost respect with your hardworking inspirational savings and earnings aspirations.
Key Differences in Retirement Planning and Financial Planning
Of course, both terms are similar, but do not assume both are the same.
The analytical traits to implement for your future, as well as, your current lifestyle should go hand in hand.
For example, some of your short term investment pay offs and income streams might be for your children’s future educational needs or the desire to purchase a summer cottage differ from the necessities to support yourself in your later, golden years.
Just as there are differences between these two terms, there is a need to understand you must work with a planner that is committed and capable to assist you in to make your retirement years the success with the amount of money you envision.
- Retirement is fairly straightforward, the day you stop working.
- Financial Planning is continuously ongoing.
Portfolio Management Benefits
The personification of your both your wealth management and investment management expectations, simultaneously increases with sensible capital growth.
- Realistic
- Measurable
The Truth about Budgeting
The idea of evaluating your money should be focused on the reason why all of your valuable cash flows vs. the entire focus on merely where your cash flows, because in reality, it is the combination of where and why together that makes up your budget.
• Actual Evaluation on Expenses and Income
• Critical Factor of Actual Cash Flow
Budgeting Necessities and More
Certainly, it would be nice to have no outgoing monthly expenditures to pay, but this is not the norm, unless you are totally and completely supported by another individual.
Sure, you may have paid off your house mortgage and automobile(s), you could even live on a farm with all your food supplies (although unlikely) and live on solar power with no energy bills There is always going to be a need to budget your cost of living expense.
You could have (as most people do) outstanding debt credit card debt; perhaps, you have medical bills now or will have future medical bills.
- Plan for the Obvious and the Unexpected
Planning for Retirement
The ability and comfort to have the foresight to be equipped with all of the necessary funds for a comfortable lifestyle is a phenomenal achievement with solid, inventive resourcefulness, today.
• Earn and Invest Today for Tomorrow
Successful Mindset
Certainly having available funds to begin your venture is conducive to your success; however, there are other attributes that play a factor, too, after all, the ability to psychologically and emotionally invest is absolutely key.
• Trust your Partnership
• Clearly Understand the Direction
• Feel Free to Call with Questions
• Setup Regular Appointments
Retirement Basics
One of the reputable, respected, well-known attributes in your partnership is your future stake of savings to have accessible in your later years is through your retirement initiative investments, but there are other expedient resources, too.
Don’t’ panic, if you have a late start on retirement planning or have encountered the heart ache of retirement mistakes.
There are several beneficial available avenues to overcome any crisis in retirement planning.
- Begin by taking a hard look at your current situation.
- Do you know how much money you need to retire, the age you plan on retiring, what about the benefits of social security supplemental monthly payments?
- Always prepare for unexpected downturns and a crash in the market because the reality is that it has happened in the past and could occur in the future.
- Do not sugarcoat the answers to these questions. It is best to always be prepared for unforeseen circumstances and have a back-up plan in place at all times.
What are the Stages in Life
Everyone has the ability to figure out with an advisor their options; however, your age does impact the plan of action most conducive to your current situation.
- Someone just entering the work field is usually at an entry level pay scale and unable to invest a sizeable portion, but will be able to do for a longer period.
- Compared to a client in the middle years, with a higher income and still a significant time to invest in their retirement left.
- In the later years of life, closer to retiring, there is a more limited time, yet there is more than likely a larger pay scale.
- Of course, in all of these situations, there is the consideration of loan payments for automobiles, homes, etc.
Stages of Life Summary
From childhood, on to marriages with family and career building, to the final lifestyle goal of no longer working a full-time job, life continues to offer wonderful opportunities.
When it is time to pursue a more active involvement with charities, fun hobbies and other activities, make sure you have responsibly ensured you are capable to live without financial worries.
- Fulfill Dreams
Extra Pleasantries
In addition to the serenity of achieving financial independence in your retirement years, you probably would like the idea of having extra money, too.
Besides the luxury beyond having your basic household budget covered in the future (food, clothing, etc.), during these years you are surely like so many others who always dreamed of traveling and having lively, recreational entertainment money, too.
But did ever think how wonderful it would be to have the means to take care of the current and future generations in your family?
With smart planning, you could leave a nice portion of a trust fund, too.
Helpful Characteristics to Possess
If you remain true to these basic attributes, the ability to succeed becomes possible.
- Aspiring — Understand the importance to save is equally important to investing
- Cooperative — collaboratively strive to work between your advisor (first and foremost) along with your tax and insurance professional consultants
- Focused — remain realistic persistence
- Forward Thinking — a belief in long-term goals and partnerships
- Generous — a moral compass leads you
- Intentional — you have patience
- Rational — don’t expect instant gratification
Recapping the Roadmap
Of course the ability of your advisor is important, but don’t overlook your active role, too, with you being absolutely certain to bear in mind the bottom line it is your money.
• The three key qualities involve vision, implementing and finally fine tuning.
Questions to Ask
When you seek an advisor, as a team, you should both be on the same page of thought to reach and achieve a common, honest goal and a good fit together.
An example of the map for success retirement includes answers to questions, such as the ones below.
1. Do you both think your retirement goals are achievable and your currently on track or does there need to be some revamping?
2. Do you feel comfortable and confident to take on any advisable risks?
3. How often will the two of you meet to discuss whether you remain on track to the established outcome?
What is a Fee-only Financial Planner?
Don’t be fooled by the inclusion of the word, fee. You might assume this is an added expense.
Actually, the outcome is the exact opposite.
- You are only charged for the actual rendered services.
- You are unique and individually suit your personal situational scenario.
- Customized and exceptionally tailored for each individual client.
- Final outcome substantially lowers overall cost.
Comparing the Difference between Fee Based and Fee Only
Also, don’t get confused with the fee based type of services because this can be equally a trap to sell you insurances; such as disability, long term care, or annuities and mutual funds and your representative agent receives a hefty bonus commission selling it to you.
The only way to guarantee that you are truly the number one priority and not the extra guinea pig to sell additional promotional sales is to seek out a person who charges a fee only.
In this situation, the employee receives compensation for their time directly through the company and not from you, the prospective client.
Why is a Fee-only Financial Advisor Important?
Did you know there are financial representatives in this field only out for their own growth and wealth and not yours, as the client?
When a financial advisor does not receive a commission on selling you certain goods and services, the vital ingredients presented to you are actually relevant.
- No Gimmicks
- No Hidden Charges
- No Unnecessary, Costly
- No Frivolous Up Sales
Essential Qualities in a Planning Advisor
Forget the idea of becoming charmed with a slick, fast talking, and charming persona discussing pipe dreams.
You need to know their experience, success rate, certified credentials and educational background.
How to Find the Vital Talent
If you live in the beautiful, gorgeous Georgia area or relocating soon, you either already know or shall soon find out the prosperous growth levels occurring.
Here are some helpful, official links for the following communities for your reference.
• Marietta — Marietta Fee Only Financial Advisor
• Woodstock — Woodstock Fee Only Financial Advisor
•Roswell — Roswell Fee Only Financial Advisor
Schedule a Complimentary Consultation, Today
Do no procrastinate; feel intimated, embarrassed or unsure about your first meeting to discuss your financial options to plan for you and/or your family.
To help ease your comfort level, list some of your initial questions and concerns to discuss and question.
• Remember, with a good partnership, this will be the first of many meetings.
When you reach out for a credible, comprehensive, knowledgeable Georgia Marietta financial advisor, a Woodstock financial advisor or a Roswell financial advisor, you should expect your talented representative to portray the fundamental, balanced, central, imperative characteristics of indispensable current imperative techniques of planning for you’re the essential ingredients in your well-rounded financial portfolio.
