4 Questions that every Financial Advisor should be able to answer

I have asked people many times what their past experience has been with Financial Advisors.
Do you know what to ask your advisor and what he should be doing for you? Probably the best thing that should come out of a relationship with an advisor is a PLAN.

If you know where you are headed then you will have a sense of what you need to do to get there …it will give you a greater sense of peace about your finances.

There is a whole long list of questions that your advisor needs to ask you so that he/she can develop a sense of where you want to be in your retirement years.

Here are the 4 Main Questions that every Financial Advisor should be able to answer for their clients once he has worked on their planning.

1. What Rate Of Return do you need to earn on your savings and investment dollars to be able to retire at your current standard of living and have your money last through your life expectancy?
2. How much do you Need to Save on a monthly or annual basis to be able to retire at your current standard of living and have your money last till life expectancy?
3. Doing what you are currently doing, How Long Will You Have To Work to be able to retire and live your current lifestyle until a full life expectancy?
4. If you don’t do anything different than you are doing today, how much will you have to Reduce Your Standard of Living at retirement for your money to last to your life expectancy?

Once these questions have been answered and a plan is put in place, most people have a greater sense of peace that they are moving in the right direction, no matter what their current financial position is.

Let’s Talk

Please feel free to contact me if you would like to discuss how we can help you with your family’s plan either in person, over the phone or on Zoom

About Dave

Dave Coen is a Financial Advisor with SageView Advisory and the CEO of College Planning America. Along with his retirement financial industry experience, he is a College Planning Specialist. He works closely with individuals and families to provide comprehensive financial planning that addresses all elements of their financial picture. Learn more by connecting with Dave on LinkedIn.

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SageView Advisory Group, LLC is a Registered Investment Adviser. This message is for informational purposes only and is not a solicitation to invest. Advisory services are only offered to clients or prospective clients where SageView Advisory Group, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future results. No advice may be rendered by SageView Advisory Group, LLC unless a client service agreement is in place. CA insurance license #0G82578