Summary and Objectives:
You want to retire someday after a successful career. Do you have enough income to retire? What should you do before, during, and after your retirement to ensure that you do not run out of retirement? These are typical questions that consumers have as they plan for their retirement. These are the 4 retirement planning segments that most consumers will work through during their life: Start your Retirement Savings, Growing your Money in order to Retire, Getting Ready + Anticipating Retirement and Enjoying your Retirement Years. Knowing the key risks for each of these retirement categories will assist you in avoiding or minimizing potential mistakes or errors as you are planning for your retirement.
Do you know the subject areas that many Financial Planners ask their customers to know, understanding and learning of the customers risk tolerance and suitability towards investing? Knowing your customer and applying the principle of the best interest standard to your interactions with your customer is key to aligning with your customer’s total needs. Placing the customer at the forefront of your focus and interaction is what is demanded in this customer centric society.