5 Retirement Concerns a Financial Advisor Can Help You Address

Group 1 - The importance of having enough money to retire is emphasized, highlighting that consistent contributions to an IRA or 401(k) do not guarantee a sufficient nest egg. A financial advisor can assist in investing retirement savings effectively and calculating a savings goal to ensure individuals are on track throughout their careers [3] - Ensuring that retirement funds do not run out is crucial. A financial advisor can help develop a withdrawal strategy tailored to individual income needs, health, and life expectancy, ensuring the nest egg lasts throughout retirement [4] - The timing of claiming Social Security benefits is a significant decision. A financial advisor can provide strategic advice on when to file for benefits, considering factors such as income requirements and health, and can help coordinate claims for couples to maximize benefits [7][8] Group 2 - Maintaining purchasing power in the face of inflation is a concern for retirees. While Social Security benefits adjust for inflation, rising living costs can erode retirement savings. A financial advisor can assist in creating a portfolio that protects against inflation [9]