Choosing the right retirement planners for your lifestyle
April 19, 2022 at 4:00 AM
A woman talking to another woman at a table.

Not everyone’s vision of their ideal post-retirement life is the same. Some people don’t need much to get by during this part of their life; they plan to keep expenses low and enjoy a simple, quiet life. Others have very different ideas, hoping to enjoy hundreds of thousands of dollars each year to fund a lifestyle that allows them to do as they please once they no longer have to continue working.

There are even differences to be found in the time at which many people look to retire. Traditionally, anywhere between age 60 or one’s mid-70s is seen as retirement age, but others may set a goal of retiring much sooner than that.

No matter when or how you intend to retire, there are a lot of details to keep track of that impact whether your intended future as a retiree is feasible. It can be time-consuming to handle the planning process on your own, and if you aren’t aware of everything that may make a difference for your retirement plan, you may find that plan, and the future you’ve envisioned for yourself, unknowingly sabotaged.

That’s where a retirement planner can help. When you work with an experienced advisor to better understand what’s required of you to reach your retirement goals, you may stand a much better chance of achieving them sooner and more easily than you otherwise would have.

Just as important as proper retirement planning, though, is picking the right planner to help you. In this blog post, we’ll walk you through some of the most important points to consider that may help you make the right choice when it comes to your advisor.

What are your financial retirement goals?

Your retirement goals should be informed by two things: the necessary expenses you’ll need to keep up with post-retirement, and personal expenses incurred through the recreational or other activities you plan to engage in.

This point factors into your choice of retirement planner because not every advisor may necessarily have much experience working with someone with your particular goals. Not every advisor is a portfolio manager that can directly assist you with maximizing your accounts’ annual returns, and some of those who are may approach the process with a safe strategy that results in steady (but modest) annual returns.

When do you want to retire?

Jumping off of the previous point, the time at which you’d like to retire is also a major factor in your choice of planner. No matter what, you should get started on retirement planning (and by extension, get started on working with a retirement planner) as early in your working life as possible, but you may intend to retire much sooner than the norm. The exact age you’re targeting may call for a different strategy than a traditional approach.

Someone intending to retire well before the traditional retirement age may look for an advisor that places less focus on standard retirement accounts like an IRA or 401k than a portfolio that targets high-performing (but riskier) assets.


Do you know anyone that can recommend a planner?

One of the most important things to take into account when choosing a retirement planner is recommendations from people you trust. An obvious ideal recommendation may be from a retired person you know who’s living the sort of lifestyle you intend for yourself, though you should also consider referrals from other financial advisors who may be able to direct you to someone more suited to helping you with your particular goals.

No matter what you want your retirement to look like, you need comprehensive financial planning expertise that takes every essential detail into consideration to help you reach your ideal living situation. OWLFI can help you understand what it’ll take to turn your vision of retirement into a reality. Call or email to learn more.

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