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► Determine how much income you’ll need over the course
of your retirement.
► Find suitable investments for your financial goals.
► Resist making emotional investments during times of
market declines.
► Enjoy your retirement years by monitoring your
investments while you pursue hobbies and other
activities.
► Establish an estate plan to transition wealth to heirs as
seamlessly and safely as possible.
► Provide continuity to help your spouse or other
beneficiaries when you pass away.
Most financial advisors will cost you about 1% annually. If
an advisor does his or her job well, that cost should be offset
by helping you earn 1% more per year than you would on your
own.
Many retirees listen to, or even rely on, investment advice from
family, friends, and co-workers. Many of these people offering
will not have the expertise or experience to provide advice that
will be accurate or helpful. Even if they are knowledgeable or
experienced in this area, their advice may be appropriate for
their financial situation, not yours.
Chapter 6: Your Action Plan
