What services do Retirement Planning Advisors provide?

If you're planning for sound recommendations on how to manage savings, investments, or your overall financial picture, consulting a financial advisor is the way to go. However, to make the most of your work with a Retirement Investment Professional advisor, it is helpful to understand the full scope of abilities and services that these professionals bring to the table.

GOAL ASSESSMENT
RlIP advisors help their clients define and articulate what they want to accomplish with a financial plan. They assist clients in organizing priorities, knowing their tolerance for risk, and setting long, medium, and short-term goals that are attainable and measurable.

ACCUMULATE WEALTH
Certain products and investments play an important role in financial plans to help you accumulate for a special purpose, create a cash reserve or prepare for retirement. In addition to helping ensure that you have a balanced portfolio, a RlIP advisor can help you purchase a number of products, such as mutual funds, stocks, annuities, life, and disability income insurance, etc., along with opening retirement accounts, such as an IRA.

RETIREMENT PLANNING
Whether or not your financial goals are geared toward the long term, a financial advisor can help you figure out how much you need to save for retirement, and the best way to do that based on all your goals as well as your personal financial situation.

TAX PLANNING
RlIP advisors can help find ways to reduce taxes. They stay up-to-date on the latest tax changes, and can recommend strategies to help reduce tax damage to portfolios. Our advisors can even suggest certain investments designed specifically for tax reduction.

PROTECTION PLANNING
Your personal RlIP advisor will work hard to help ensure that all your hard earned-money works best for you. It is important to protect your assets and to plan for potential disability or long-term care needs. An advisor can help you calculate your protection needs and can suggest effective solutions to help keep you secure, no matter what the future holds.

GIFTING STRATEGIES AND ESTATE PLANNING
This is another area that requires careful planning and a clear understanding of the tax implication associated with any decision. A RlIP advisor can work with your estate-planning attorney.

PLAN MAINTENANCE
RlIP advisors are also trained to keep a plan current and appropriate to the client's life changes. For example, if you get married, your advisor can modify your plan to fit your new situation.

OTHER SERVICES
Think of a Retirement Investment Professionals advisor as a "money advisor". You can ask for help on a variety of issues, such as suggestions on how to exercise stock options in the most efficient manner, or planning for the financial transfer of your business. Keep in mind that if you deal with specific tax issues, they may require consultation with an attorney and C.P.A.

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