Jasz
VIP Contributor
You've saved for years, and now you're ready to retire. But should you meet with a financial planner before you quit your job?
There are benefits and risks to doing so.
Here are three points to consider before deciding how to approach this stage of your life.
Benefits of meeting with a planner:
-Gain insight into how to maximize your retirement income
-Make sure you're on track for all of your retirement goals, whether it's paying off debt or traveling the world.
-Help avoid pitfalls in the transition from saving money to living on savings.
Risks: You may not like what you hear. You might find out that you can't afford to retire when and how you'd hoped, or that you haven't saved enough money to achieve all of your dreams in retirement. It's important to remember that the sooner you know where you stand, the better prepared you'll be to make adjustments in spending habits and saving strategies before it's too late—and the more likely you'll be able to achieve your goals.
There are benefits and risks to doing so.
Here are three points to consider before deciding how to approach this stage of your life.
Benefits of meeting with a planner:
-Gain insight into how to maximize your retirement income
-Make sure you're on track for all of your retirement goals, whether it's paying off debt or traveling the world.
-Help avoid pitfalls in the transition from saving money to living on savings.
Risks: You may not like what you hear. You might find out that you can't afford to retire when and how you'd hoped, or that you haven't saved enough money to achieve all of your dreams in retirement. It's important to remember that the sooner you know where you stand, the better prepared you'll be to make adjustments in spending habits and saving strategies before it's too late—and the more likely you'll be able to achieve your goals.
