Retirement Reality Podcast

Common Retirement Complaints

Listen Later

In this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.

 

Here are some key takeaways from this episode:

  • Advisors should align investment risk with clients' preferences and needs. Clients should not feel forced into taking on more risk than they are comfortable with.
  • Clients should be aware of the fees they are paying and how they impact their investments. Fee transparency is essential, and clients should consider both the cost of services and the value they receive.
  • Social Security is an important income source for retirees, and it's essential to understand when and how to claim benefits. Advisors should be well-informed about Social Security changes and provide guidance on the optimal time to claim benefits.
  • Retirement portfolios may not always experience high growth every year. Understanding market fluctuations and having a well-structured financial plan that accounts for potential down years is important.
  • Some clients feel they only hear from their advisors when it's time to buy or sell stocks. Comprehensive financial planning should include regular communication, addressing all aspects of retirement planning beyond just investment transactions.

    •  

    For more episodes, visit us online here: http://principalpreservationservices.com

    ...more
    View all episodesView all episodes
    Download on the App Store
    Retirement Reality PodcastBy Mike Kojonen
    • 5
    • 5
    • 5
    • 5
    • 5

    5

    2 ratings