Retirement Planner

DEFINITION of 'Retirement Planner'

A practicing professional who helps individuals prepare a retirement plan. A retirement planner identifies sources of income, estimates expenses, implements a savings program and helps manage assets. Estimating future cash flows and assets is also a central part of a retirement planner's work. He or she may use a web-based calculator or software program that will predict future cash flows and assets based on the data entered.

BREAKING DOWN 'Retirement Planner'

Although most retirement planners deal with the financial aspects of planning for retirement, some planners also deal with the non-financial aspects, including how to spend one's time in retirement, where to live and when to quit work, to name just a few.

Today, retirement planners rely heavily on web-based calculators and retirement-planning software, but, like any kind of forecast, the information produced is only as good as the data used. The plan created by a retirement planner is in no way a complete predictor of retirement spending or income needs, but it is a good starting point.

RELATED TERMS
  1. Financial Planner

    A qualified investment professional who helps individuals and ...
  2. Retirement Planning

    The process of determining retirement income goals and the actions ...
  3. Retirement Income Certified Professional ...

    A professional designation for experienced financial professionals ...
  4. Retirement Readiness

    The state and/or degree of being ready for retirement. Retirement ...
  5. Spending Phase

    The period in a person's life following retirement in which earning ...
  6. Financial Planning Association

    A U.S.-based professional organization formed in the year 20 ...
Related Articles
  1. Budgeting

    How To Choose An Affordable Financial Planner

    Choosing a financial planner is a decision that shouldn't be taken lightly. In fact, this decision is just as important as choosing a lawyer or a doctor.
  2. Executive Compensation

    Financial Planner: Job Description & Average Salary

    Discover the general job duties and average salary of a financial planner, as well as the education, training and skills necessary for success.
  3. Insurance

    Advice For Finding The Best Advisor

    There are several areas you should research when making this important decision.
  4. Retirement

    Financial Planners: Specialize In Seniors

    Find out how this demographic has all the needs to keep your firm busy year-round.
  5. Retirement

    4 Ways to Reduce Retirement Plan Fees

    Learn about why fee minimization is important for retirement investors and discover how to avoid some of the most common retirement account fees.
  6. Personal Finance

    Comparing Financial Advisors & Financial Planners

    When scanning the financial advisor landscape, recognize that both financial advisor and financial planner are very broad categories.
  7. Financial Advisors

    Retirement Savings: How Much is Enough?

    Sure, you can never save too much for retirement, but just how much is enough?
  8. Retirement

    Saving For Retirement: The Quest For Success

    We'll show you how to set yourself up to retire in style.
  9. Your Clients

    Top Tips to Transition into Retirement Confidently

    Here are some of the best ways to make the transition to retirement painless.
  10. Saving and Spending

    Is the 80% Retirement Rule Valid for Clients?

    Is the 80% rule of thumb for retirement spending a reasonable one?
RELATED FAQS
  1. What does a sample plan using the 4% retirement rule look like?

    Discover how the 4% retirement rule can work as part of a plan to achieve increasing retirement income if investments perform ... Read Answer >>
  2. Where can I look for a financial planner?

    References from trusted friends or family members can help you find a financial planner; however, keep in mind that your ... Read Answer >>
  3. What are the reasons that cause financial advisors to fail in their careers?

    Think about the risks with financial planning before you pursue a career in the industry, and make sure you aren't wasting ... Read Answer >>
  4. How soon should I start saving for retirement?

    Learn about the basics of retirement planning and the reasons why it is so advantageous for individuals to start saving for ... Read Answer >>
  5. What are the best ways to plan for retirement?

    Learn the basic steps to creating a solid retirement plan that can support you and your family, and find out how to manage ... Read Answer >>
  6. What's the difference between a financial advisor and a financial planner?

    Seeking professional advice from a financial advisor may involve asking for financial help from a certified financial planner, ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center