Unfortunately, planning for retirement isn’t nearly as easy as it should be. In an ideal world, you wouldn’t have to put much thought into saving and investing your money, but we live in a society where a well-built retirement plan is comprised of a multitude of different parts. 401k, IRAs, investments, taxes, and the time value of money are just a few of the many things you need to be educated on to prepare an airtight retirement income plan.
We understand just how difficult and frustrating this can be for people, which is why we’ve made it our life’s work to study the minutia of retirement planning ourselves — we learn all the facts so that you don’t have to. We pride ourselves on the incredible service we’ve provided to countless clients in the Calabasas area, and we would like to help you with your retirement plan too.
However, people often wonder just how necessary it is to hire a professional income retirement planner. Here are some reasons why you could benefit from calling professionals for your retirement needs:
A Fiduciary Has Your Best Needs in Mind
One of the most significant perks to hiring professional retirement income planners is that they can act as a fiduciary. When a financial adviser signs the fiduciary oath, they are essentially agreeing that they are agreeing to seek out investments that are strictly in your best interest.
In other words, a fiduciary is legally obligated to put your needs first, rather than their own. We understand why many people are naturally skeptical of financial advisers — if they’re getting paid no matter what, what incentive do they have to recommend the investments that are best for you?
Apparently, that’s not a new concern, which is why fiduciaries exist. At Kennedy Wealth Management, LLC, we are a fiduciary, and thus have a high level of responsibility to our clients. We are bound to do what is right for them, not just what is “suitable” or merely adequate.
Professionals Understand the Current Economic Conditions
One aspect of retirement planning that’s extremely intimidating to a lot of people is the sheer amount of constantly changing economic factors, which have a bearing on your plan. You can create a retirement plan in one year that’s built around a set of assumptions about the economy. Inflation, tax intricacies, changing legislation, and the time value of money might all be factors that played into your plan.
Unfortunately, all these things can change in a matter of years, and if it’s over the course of a few decades, they are pretty much guaranteed to paint a much different picture.
Professional retirement income planners can help you to base your plan off of the correct market assumptions, and they’re also equipped to create a plan that’s as future-proof as possible.
At Kennedy Wealth Management, it’s literally our job to stay on top of every single factor that could affect the retirement plans of our clients. Wouldn’t it give you some peace of mind to know that you’re working with someone who’s completely up-to-date on these things?
Professionals Can Help With Estate Planning
Another important aspect of your retirement is estate planning. While estate planning doesn’t have a massive bearing on your own personal retirement experience, it’s important that it’s planned out for when you do pass away.
Estate planning, just like retirement income planning, is a highly complicated process that requires extensive knowledge and expertise of its systems, and if you’re not careful, you could be losing a lot of money in the long-run if it’s not set up well.
This can be a serious problem for your family. Even if you’ve been laid to rest, an ill-conceived estate planning strategy can cost your loved ones, and that’s a burden that you don’t want to leave behind.
If you want peace of mind, not just for yourself, but also for those who will remain after you’re gone, contact Kennedy Wealth Management for quality estate planning services!
Contact Your Local Retirement Income Planners Today
At Kennedy Wealth Management, we have happily served the people of the Calabasas, California region for years, and we would be happy to help you with your many retirement planning needs. You already have enough going on in your life — there’s no need to stress yourself out learning about the minutia when you could hire a professional team like us to take care of everything effectively and easily. We will make sure that all of your investments are the best that they can be so you’re set up for a bright future. Contact us today!