· Where am I now and where do I need to be?
Everyone is on different levels when it comes to their finances. We all have different strengths and weaknesses and our long-term goals vary.
Having an advisor is important because they have expert knowledge about how money works and they are able to give you realistic answers based on where you are currently in your finances.
They can give you the details on how your retirement will look like and the best customized plan that can work for you.
· What is the difference between pre-retirement and post-retirement investments?
Working with an advisor can teach you a lot about investing. There is a difference between the direction you should take when you have a couple of years before you retire vs when you are about to officially retire.
You need to understand the fact about this so that you can prepare yourself better and avoid making decisions that aren’t wise for your particular situation.
· What are the common mistakes clients make?
Financial advisors have a high level of qualification and experience. Throughout their career, they have probably come across different types of clients and I’m sure they have a couple of tips they can share with you based on what they have learnt so far.
They should help you make the right decisions based on what they have been trained for but they can also give you a few real-life lessons about planning for retirement.
· How will we work together long-term?
You need to know how everything works in case changes come along the way. They might decide to change jobs or retire at any point and you need to be sure how your money will stay protected in case this happens.
Get to understand these details for peace of mind and proper planning.