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Senior Retirement Tips :: Basic Financial Planning
Basic Financial Planning: Where to Go for Basic Retirement and Financial Planning Advice
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Basic financial planning seems, well, basic. However, it’s often harder than it looks.
If you’re trying to find simple and straightforward advice on how to plan financially for your retirement, then keep reading for a list of resources that are low-cost, but can help you plan for your financial future.
Your Bank or Credit Union
For many people, their local bank or credit union is the only financial institution they know.
It’s also the place where you’ve built up a long relationship and likely where you feel most comfortable. Fortunately, your local bank or credit union can provide you with basic financial planning advice.
Call your bank or stop in and ask to set up a meeting with a financial planner. They’ll make an appointment for you to sit down with one of their investment advisers.
At that meeting, you’ll talk about your goals for retirement, your financial needs and how much you need to save.
From there, they’ll help you set up a basic savings plan that will earn you interest and help you grow your retirement savings.
Typically, these plans are connected right to your checking account, so you can make deposits automatically without having to write checks or wire transfer funds.
Your Company’s Retirement Plan Counselors
If you work for a large company, they may offer retirement counselors.
These are (or at least they should be) independent and impartial advisors that are hired by your company to help you with basic financial planning and offer you an objective viewpoint on your retirement savings.
Some employers hire firms like Fidelity or Merrill Lynch, while smaller companies might hire a local investment firm to help employees.
If your workplace has a program like this in place, contact your HR department now to set up an appointment.
Your Local Library
If you’re just looking for a basic overview of the financial planning and retirement savings process, try visiting your local library.
You’ll find a wide range of books on the subject and you’ll also have free access to resources like Retirement magazine or other retirement planning publications.
If you need help navigating the library, ask the on-duty librarian. They’ll be able to help direct you to the right spot.
Also, many libraries offer free seminars and classes on financial planning and preparing for retirement. Check your local community listings for free, upcoming courses in your area.
A Professional Financial Planner
Even if you’re just looking for basic financial planning, a professional and independent financial planner might be what you need.
A financial planner basically works with you to come up with a full retirement savings plan and they can also manage your investments.
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SeniorRetireTips.com :: Basic Financial Planning