Questions to Ask Financial Advisor About Retirement

Are You Ready to Speak with a Financial Advisor?

It is important to ask a financial advisor lots of questions as it allows you to fully understand the advice and recommendations they are giving you.

Financial concepts and terminology can be complex and difficult to understand, especially if you don’t have a background in finance. Asking questions can help you clarify any points you don’t fully understand.

Talking to your advisor this way can also help you feel more confident about the advice they are giving you. Having your advisor explain things thoroughly can not only teach you more about the subject, but also reassures you they know what they’re talking about and you can trust their advice.

Having a good discussion with your financial advisor can help you to avoid costly mistakes down the line, as you both get an opportunity to understand each other more and your priorities as a client. Topics you can discuss might include your goals, any specific needs you or your family may have, and your tolerance for risk.

These can help you to put your own needs into perspective while allowing your financial advisor the opportunity to give you the best, tailored advice they possibly can.

When you interview a financial advisor – come prepared.

Make sure you choose the right financial advisor for your needs:

• If you require your advisors to be legally obligated to act in your best interest, ensure the advisors you speak with are fiduciaries
• See if your values align with the advisor
• Determine if an advisor’s investment strategies and process are a good fit
• Decide if you would like help with a specific financial concern or need help developing a comprehensive financial plan
• Decide whether this will be your only advisor or if you will you engage other advisors to work with you