Retirement planning is one of the most important things you’ll do for yourself and your family. It’s also incredibly complicated. That’s why no matter how diligent you’ve been about retirement income planning, you should still consider getting a second opinion. Kennedy Wealth Managment offers free second opinion consultations to new and prospective clients. We believe in the power of a second opinion and that having someone else look over your plans can help ensure you are set up for success in your retirement years. Here are some of the reasons you should consider making an appointment for a free second opinion with our team.
Benefits of Getting a Second Opinion on Your Retirement Plan
A fresh set of eyes can catch accidental oversights.
There is a lot that goes into retirement planning. Even the best financial advisors can forget one of those important aspects when they aren’t following a set plan. Having a second set of fresh eyes look over your plan may help you catch certain factors that have been ignored, such as ensuring you have a plan for long-term care or reducing the tax obligation of your heirs. Those oversights could end up costing you a lot of your retirement money or derailing some of your bigger retirement plans.
You may find a financial advisor who is more in line with your goals.
Working with the right financial advisor is paramount to the success of your retirement planning. You need to feel absolutely comfortable with them and feel that they are doing everything possible to help you achieve your goals. If their strategies and planning aren’t in line with your goals, then it’s not going to be a healthy working relationship that benefits you. Talking to another financial advisor may help you see if you could be better served by someone else or are better off sticking with your current advisor.
You might discover new ways to achieve your retirement goals.
There are so many methods and strategies for retirement planning. If your financial advisor is relatively new to the industry or doesn’t have experience working with portfolios like yours, then it may limit the number of solutions they can offer. That might leave you with a gap between where your portfolio is now and where you want it to be in your retirement years. A second opinion may help reveal potential solutions that you hadn’t considered before but that might offer big benefits over the long term.
You need to move onto the distribution phase of retirement planning.
The primary phase of retirement planning is the accumulation phase, where you are funding your portfolio with contributions from your paycheck. After that comes the distribution phase, where you actually start to withdraw an income from your portfolio after you’ve stopped working. When you move from one phase to another, it can be extremely beneficial to get a second opinion from another financial advisor. That’s because one financial advisor might specialize in the accumulation phase while another may specialize in helping you move through the distribution phase. You need a financial advisor who can meet your needs in the phase you are in now.
It gives you peace of mind about your retirement income.
You need to feel comfortable with your retirement plan. You also need to know exactly what needs to happen to make it a success and confident that the plan that’s in place will get you there. If you don’t currently have that peace of mind and a clear path to success, then a second opinion might help you gain it. Getting a second opinion allows you to take charge of your retirement future, so there are no unpleasant and unexpected surprises waiting ahead.
Want a Free Second Opinion on Your Retirement Plan?
If you are ready for a second opinion on your retirement income planning, then it’s time to talk to the team at Kennedy Wealth Management. We offer free second opinion consultations so you can rest easy knowing you have the best plan in place for your later years. You can make an appointment for this free service by giving us a call or contacting us through our website. A member of our team will find an appointment time that works for you!