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What to Look for in a Retirement Income Specialist in Franklin

Do you want to get the absolute most out of your retirement?

Picture your perfect retirement scenario. Maybe you’re deep-sea fishing in sunny Hawaii. Perhaps you’re sitting on the porch of a rustic cabin on a chilly morning in Colorado. Wherever you’re hoping to spend the retirement phase of your life, a retirement income specialist can help you plan for the funding to live your dream.

Choosing the retirement specialist who best fits your needs is a daunting task—unless you know where to start.

Luckily, we’ve put together this handy list of what to look for in a retirement income specialist. The best news is you can find one right here in Franklin, Tennessee.

1. Appropriate qualifications.

The financial industry is packed with knowledgeable individuals with impressive credentials. Among the leading credentials is a Certified Financial Planner (CFP) who has the well-rounded background to understand your financial needs as a whole.

Seek out a CFP who follows fiduciary standards. These financial planners have the knowledge to fully advise you on your current financial situation, future obstacles, and wise investments.

Other financial professionals can assist you in specific areas of your retirement, but CFPs will have a more comprehensive approach.

2. Fair compensation.

Retirement specialists are paid in several ways. Investigate how your retirement specialist is being paid to be certain that there isn’t any conflicts of interest. Here are a few of the compensation possibilities: hourly, flat rate, retainer fee, percentage of your assets, commission, or a fee-commission combination.

3. A good gut feeling.

You know when your intuition tells you something’s not quite right? Trust it. If you meet with a retirement income specialist, and he or she feels more like a salesperson than an advisor, look elsewhere. A retirement specialist’s job should not be to sell you products. They should advise you on the decisions that will secure your financial future—regardless of commission.

Likewise, if you meet with a specialist who makes you feel welcome and taken care of, take notice. An advisor who is willing to listen to your needs and understand your unique situation will be the best person for the job.

4. Reputation and results.

A good (or bad) reputation follows a business like a shadow. Your retirement income specialist is no different. Ask around about the group or individual you’re considering. Also, ask about the advisor’s past clients and the results delivered. Although no two people have the same financial situation, the right specialist will be able to provide examples of successful cases.

Your retirement specialist should be rooting for your success. He or she should be explaining everything along the way, in simple terms. But most of all, the advisor should be someone you trust.

The Nail Wealth Team is helping your neighbors right here in Franklin. Reach out to our local office to set up a consultation appointment. We can walk you through how we help our clients meet their dream financial goals. You’re sure to feel like part of our family.

For a hometown touch, contact us today to learn more.

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