1. The Complete Guide To Retirement Planning For 40-Somethings: Introduction
  2. The Complete Guide To Retirement Planning For 40-Somethings: Checking Your Status
  3. The Complete Guide To Retirement Planning For 40-Somethings: Managing Your Investments
  4. The Complete Guide To Retirement Planning For 40-Somethings: Life Insurance
  5. The Complete Guide To Retirement Planning For 40-Somethings: Paying For College
  6. The Complete Guide To Retirement Planning For 40-Somethings: Life Cycle Changes
  7. The Complete Guide To Retirement Planning For 40-Somethings: Mortgages and Debt
  8. The Complete Guide To Retirement Planning For 40-Somethings: Work With Competent Professionals
  9. The Complete Guide To Retirement Planning For 40-Somethings: Retirement Resources
  10. The Complete Guide To Retirement Planning For 40-Somethings: Conclusion

The importance of working with competent professionals to design, implement and maintain your retirement planning goals and objectives cannot be overstated. In some cases, you will need to have more than one professional on your team. The members of your team can include:

A Financial Advisor
A financial advisor can help you with your financial planning needs, which range from simple tasks such as preparing a practical and efficient budget, to assisting you with planning your finances over your lifetime, including your retirement years. Your financial advisor can also manage your investments, including designing your investment portfolio.
A Tax Professional
A tax professional can help to ensure that you minimize the amount of income tax you pay on your income, and their services range from income tax return preparation to giving tax advice on retirement accounts and other assets.


An Estate-Planning Attorney
An estate-planning attorney can help you to design a tax-efficient estate for your beneficiaries.


Some of the services provides by these individuals will overlap. For instance, a tax professional may be able to educate you about the features and benefits of IRAs, a service which is also provided by a financial advisor. In such cases, you should consider using a professional for a service in an area in which he or she specializes, as that is in area in which he or she will have the most expertise.

Some professionals provide a one-stop solution for their clients. For instance, a financial advisor may have a tax professional, an attorney and a retirement expert on his or her team, so as to ensure that his or her clients are fully covered in all areas that affect retirement planning. This option is usually appealing to individuals who prefer to deal with one person and have that person handle all areas of their retirement and estate planning needs.


The Complete Guide To Retirement Planning For 40-Somethings: Retirement Resources
Related Articles
  1. Retirement

    How to Hire a Retirement Advisor

    Making a retirement plan is a demanding task. Finding the right person (or people) to do it takes care.
  2. Financial Advisor

    Tax Planning: Why You Shouldn't Retire Without It

    Advisors say that maximizing retirement savings through tax planning should be a top priority for clients. Here's some more effective advice for planning.
  3. Retirement

    Saving for Retirement: The Quest for Success

    We'll show you how to set yourself up to retire in style.
  4. Retirement

    Follow the Key Steps of Retirement Planning

    To achieve your retirement goals, don't skip over the important steps in financial planning.
  5. Retirement

    Managing Income During Retirement

    Learn some sensible strategies for making your hard-earned savings last for as long as you need them.
  6. Retirement

    5 Steps to a Retirement Plan

    These considerations will help you make a realistic and thorough retirement plan.
  7. Financial Advisor

    When to Plan for Retirement Income vs. Savings

    Accumulating a nest egg is the first step in effective retirement planning. The second is making sure you have enough income after retiring.
  8. Financial Advisor

    Closing in on Retirement? Read These Tips

    If you're within 10 years of retiring, you and your financial planner should heed these essential tips.
Frequently Asked Questions
  1. Who is eligible for Canada Pension Plan benefits?

    Learn more about the Canada Pension Plan, who contributes to the plan and who can receive standard, disability, early retirement ...
  2. Who are Monsanto's main competitors?

    Learn about Monsanto Company's two main operating divisions and its main competitors within each sector, including The Mosaic ...
  3. What is an assumable mortgage?

    The purchase of a home is a very expensive undertaking and usually requires some form of financing to make the purchase possible. ...
  4. Do I have to complete all exams within a certain period of time to receive the CFA charter?

    According to the CFA Institute, a candidate can take as much time as necessary to complete all three levels of the CFA program.Therefore, ...
Trading Center