Most retirees who have saved a significant amount of money for retirement rely on a financial professional to help them make the best decisions with their money. What your advisor does, and says, will tell you if you should feel confident with his/her advice. Here are some telltale Warning Signs:
#1- You don’t have a comprehensive written retirement income plan, nothing is in writing.
#2- You are told to “Ride It Out” or “Hang In There” when you are suffering through large losses.
#3- Your advisor acts like your dad, he/she acts like your money is their money.
#4- Your advisor really doesn’t listen to you, even when you say you want less risk.
#5- You don’t know how much income you can safely take out of your accounts.
#6- The amount of risk you’re taking, and the total fees you’re paying, are not in writing.
#7- You don’t know how much tax you’ll pay on your income.
#8- You don’t know how much you can leave to your beneficiaries.
If you’ve seen any of these are warning signs, it means you need a free 2nd opinion about your money and plans for retirement, call us today.
Vipul Varma
VIP Financial
402.547.0395
Financial Advisor in Parker Colorado
Retirement Planning