Your senior years should be about enjoying life, not worrying about finances. To take some of the pressure off, you might consider finding a financial advisor who can guide you through the ins and outs of retirement investments and budgets. But how do you find the right financial advisor? This in itself can be tricky, but if you do your research and network with others, you can create a dream team with the best advisor.
Do Your Research
Your first step in your search for the right financial advisor is to do your research. Read about what a financial advisor will and will not do for you, and do an online search for advisors in your area. Take a look at their websites, and make note of their services and rates. Consider reviews and reports about advisors at the Better Business Bureau and other rating organizations. When you've decided on a couple likely candidates, call for more information, and ask about the possibility of a free consultation to see if they would be a good fit for you.
Network With Others
You might also turn to friends, relatives, and acquaintances for advice about finding the right financial advisor. This networking can be beneficial in more ways than one. You'll learn about advisors who have worked out well and who have not. You'll also get a better idea of the services advisors offer and how others have used them to their advantage. Talk to several people if possible, and ask for recommendations. Then combine the information with your own research. You'll be well on the way to teaming up with a financial advisor who can help you prepare for your best retirement.