EJM Financial Services

Advantages of Seeking a Financial Adviser For Retirement

Retirement planning begins with thinking about your retirement goals for your golden years. 

It also involves establishing how long you have to meet those goals and finding ways to ensure your money goes the distance. A financial adviser can assist you in figuring out how to best optimise your retirement income and help you meet your expectations for your retirement years.

Even after retirement, it’s important to consider seeking financial advice so you can stay on track with your finances and goals, whilst still living your best life.

Here are the advantages of seeking a financial adviser after retirement.

The Duty of a Retirement Financial Adviser

Retirement financial advisers are those who specialise in retirement, superannuation advice, and investment portfolio management. They can help you prepare your retirement plan and ensure you live out your final years with financial freedom.

When it comes to retirement planning and investment portfolios, it’s beneficial obtaining the finest retirement guidance from someone who specialises in these areas and can look at situations objectively. 

It can also help you with several situations, such as ensuring your estate plan is in order or downsizing your home. You may want to consider ensuring your insurance policy is up-to-date or consider rearranging your investments to reduce your taxable income in retirement. 

A retirement planner can offer you advice in areas that will help you maximise your retirement savings and secure your finances. They should be someone who has a clear understanding of your financial goals and financial situation. 

A retirement planner should tailor their advice to suit your financial needs and wants. 

It’s important to seek the right financial adviser that you can trust and rely on to provide you the best advice and help you take the right steps to securing your financial future.

A Financial Adviser’s Guidance

A financial adviser can help you determine the most cost-effective way to withdraw cash from your different retirement accounts. They can assist you in choosing the finest alternatives for getting the most out of your retirement savings. A financial adviser can help you go through the complexities and make the wisest decision.

Choosing a Retirement Financial Planner in Melbourne

It’s critical to seek a retirement planner when you are assessing your needs and financial obligations as you retire. 

It’s important to note, you aren’t obligated to choose the first financial adviser you meet; instead, you should interview multiple professionals before discovering which one is the best fit for you. 

Learn about their price structure and reputation, and gauge if they genuinely care about you and your financial situation. Also think the regularity with which they communicate with clients, their investment plan and the services they provide should be taken into account. 

Along with proactive financial planning, a professional financial planner can help you deal with unavoidable financial surprises. Iit is typically these unexpected life occurrences that motivate people to engage in financial planning in the first place.

You may perhaps encounter unexpected job loss, death of a spouse or partner or divorce that prompts you to seek out financial advice. As life goes, we may regularly find ourselves in challenging situations that call for crucial financial decisions that will have long-term consequences on our quality of life. It’s actually a  wise idea to seek out financial advice before a major financial challenge so you can be further prepared.    

Reaching your long-term financial goals doesn’t make you immune to financial issues. 

Choosing a Financial Adviser for Retirement

To avoid complex financial hurdles and feel prepared for some of life’s unexpectancies, you may want to seek the professional help of a reliable retirement financial adviser. 

With the proper guidance, they can walk you through each stage and provide the best recommendations based on your specific situation.

If you’re looking for the best retirement plans, look no further. EJM Financial Services offer tailor-fit solutions for families, individuals and retirees in Melbourne. 

With us, you can reach your financial goals sooner – give us a call today!

EJM Financial Services Pty Ltd (ABN 63 006 492 182), is an Authorised Representative and credit representative of AMP Financial Planning Pty Limited, Australian Financial Services Licensee 232706 and Australian Credit Licence 32706. AMPFP Privacy Policy. Please read our Terms and conditions.
General Advice Warning: This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.


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