Hiring a financial advisor can be the best way to develop a strong financial plan and achieve your long-term financial and life goals. Too often, however, people hesitate to seek out the assistance of a professional when it comes to helping them manage their finances – even if they’re struggling. In fact, research on the subject shows that even though 71% of adults need improvement with their financial planning, only 29% take the step of hiring a financial advisor. Some are too nervous to put their money in someone else’s hands or simply don’t feel that an advisor would be beneficial, yet research suggests those who work with a financial advisor have significantly more money for retirement than those who don’t.
So, how do you take this critical step and choose the advisor who is right for you? With something as important as your hard-earned money, you’ve got to find someone you can fully trust. As you consider hiring a financial advisor, keep these common mistakes in mind to avoid them as you begin your process.
We spend most of our working lives striving toward the ultimate goal of enjoying a happy retirement. But what exactly does that look like? And how do you achieve it? The answers to those questions depend a lot on YOU. Every retiree is going to have their own definition of what a fulfilling retirement looks like. For some, a happy retirement might look like getting to spend more time on hobbies, while for others it might look like finally getting to travel to all those destinations they’ve dreamed about. It might even be simply about spending more time with your kids and grandkids. Whatever a happy retirement looks like to you, you’ll have to be intentional to achieve it.
Below are 10 habits that can help you find happiness and fulfillment throughout your retirement.