Top Questions You Should Be Asking Your Adviser

In this week’s blog, we will examine some of the most pointed questions we’ve been asked by clients. If any of these questions or their answers strike a chord, call us. We can schedule a meeting to alleviate your concerns and probably uncover additional questions you didn’t know you had.

  • How long do I need to work for my money to last?
  • What is a realistic withdrawal percentage from my portfolio in retirement?
  • When should I claim Social Security, and which option should I choose?
  • What can I do to plan for an extended care situation in retirement?
  • Now that I am retired, should my investment strategy change?
  • What will Medicare and Medicaid actually cover for me?
  • What is the most efficient way for me to leave something for my family?
  • How can I plan for my tax-deferred accounts and how will it affect my taxes?
  • When I retire, what is the best way for me to use my portfolio as disposable income?
  • Do I own too much of my company stock?
  • Should I take a cash balance or turn my funds into an annuity from my workplace retirement plan?
  • Will my plan still work if we have another recession?
  • How can I use my business as an asset for my retirement?

As you read through these questions, a few of them may elicit an emotional response, others may get you thinking about a similar concern you have with your plan. These are the questions we like to hear about as advisers. It is important that your adviser takes you beyond simply chasing returns, and works to structure your plan so that it accomplishes the future goals that are most important to you. Whether you hold the 5th or 6th ranked international bond fund is far less important that whether or not an international bond is the best way to accomplish the particular goal you have for that investment.