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Questions to Ask Your Financial Advisor about Your Retirement

Saving for your retirement may not be so important when we’re young, but as we age we begin thinking more and more about it. How old will you be when you decide you don’t want to work full-time anymore? Or, more importantly, will you get to a point in your life when you feel you no longer can work full-time—or at all? These are the reasons why it’s important to not only begin thinking about your retirement when you’re younger, but it’s important to start doing something about it. Thankfully, if you’re older, you still have time to save for your retirement, but naturally, you have less time which means you’ll need to go a little more gung-ho at it. Whether you already have an advisor or you’re shopping for one, you need to know the questions to ask about your retirement in order to start saving properly. Top financial advisors have the 5 most important questions you must ask that will help ensure that you’re ready for retirement whenever you get there.

The first question you need to ask about your retirement is a question that only you (and your partner) can answer:  What do I want out of my retirement? You need to sit down and map out a realistic vision of your future that includes such items as where you will live and what you will do. For instance, have you and your spouse always dreamed of the proverbial cross-country Winnebago retirement? Or perhaps you’re the kind of guy who wants to spend his retirement fishing? Whatever your retirement looks like, do a little research in advance about what you’ll need. Then take the following questions to your financial advisor.

How to Find a Financial Advisor

How to Find a Financial AdvisorHiring a financial advisor is an excellent way to have your money managed responsibly. Managing your money can be tough, and with all the ins and outs of the trade, it’s often best to find someone who’s knowledgeable and experienced in such tasks. But finding a financial advisor isn’t easy, particularly if you don’t have a lot of time to put into this undertaking. Job one will be finding a financial advisor you can trust. Naturally, your search needs to end with someone who is educated and has the necessary expertise to properly manage your funds. Finally, you need to find someone who will communicate with you regularly and who is accessible when you need them. Here is a list of the most important things to look for in a financial advisor, compiled by top financial advisors who know of what they speak.

I Can’t Afford a Lawyer

I Can’t Afford a LawyerFinding a lawyer when you need legal representation is a difficult task. First, simply being in need of an attorney means you’re in the midst of legal problems, which can be taxing. Second, not everyone can afford an attorney, making legal problems even more trying. Finding a good lawyer when you can’t afford to pay a lot of anything at all can be problematic. Thankfully, there are a number of resources available to any U.S. citizen who can’t afford a lawyer who finds himself or herself in need of legal counsel. Federal legal-aid programs, pro bono programs, legal clinics, law schools—these are some helpful free or low cost options that are available to those who can’t afford a lawyer when they need one. In fact, if you find yourself needing legal representation, there may even be a lawyer near you who can help if you can’t afford one.