Hiring a retirement adviser might be a good idea if you're within 10 years of leaving work - Business Insider

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Make sure to hire a retirement adviser who is a fiduciary

Retirement advisers are financial professionals who specialize in — you guessed it — retirement planning. mean they're equipped to help you craft a strategy that makes the most of your nest egg., and working with a dedicated adviser could help you refine your goals and leverage the tools at your disposal.retirement

, you could benefit from working with an adviser who will focus on that singular aspect of your financial plan. Likewise, if you're overwhelmed or confused by retirement planning, an adviser can help you clarify your savings target, get organized, and stay on track.of leaving full-time work for good, but you probably don't need one yet if you're in your 20s or 30s and are closer to starting a college fund or buying a home than retiring.

Explaining the pros and cons of different types of retirement accounts or products and which are best for your needsRebalancing your investments when the market changesReevaluating your goals, if neededRunning alternative scenarios and developing a Plan BWhile there are more than a dozen professional accreditations, designations, and certifications advisers can obtain to demonstrate their retirement-planning expertise, the most important title you should look for when seeking out a retirement...

Non-fiduciary advisers may be paid in commissions or referral fees if you invest in a certain product or fund, as long as it's a "suitable" investment for your financial goals. Some of these advisers may claim to be making recommendations in your best interest, but without a formal commitment, you can never be sure.

 

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