What Questions Should I Ask My Financial Advisor?

What questions should I ask my financial advisor about retirement?

Start organizing your priority list by asking yourself these questions:When do you want to retire.

What lifestyle do you want in retirement?Do you need to set aside money for a child for college?Are you saving for a down payment on a home?Do you have loans or debt.

Do you have an emergency fund?.

When should you talk to a financial advisor?

While some experts say a good rule of thumb is to hire an advisor when you can save 20% of your annual income, others recommend obtaining one when your financial situation becomes more complicated, such as when you receive an inheritance from a parent or you want to increase your retirement funds.

What should a financial advisor know?

Most advisors offer:Risk management and insurance planning.Education saving planning.Tax planning.Legacy or charitable planning.Retirement planning.Portfolio management.Cash flow analysis.Debt management.More items…•

What should I discuss with financial advisor?

What Do I Bring to a Meeting With a Financial Planner?401(k) and other investment plan statements.Mortgage and other debt statements (Hint: You shouldn’t start investing until you’re debt-free, besides the house.)Pay stubs for you and/or your spouse.Your most recent tax return.Your monthly budget.