What to look for when selecting a senior financial advisor in Greenville
A great senior financial advisor in Greenville can offer your loved one many things, so don’t settle for just anyone. First, make sure that any potential candidate is knowledgeable in the specific services your loved one needs. Working seniors may still be contributing to an IRA or another investment vehicle, so their Asheville financial advisor for seniors has to know about them. In contrast, another individual may be more concerned with saving money for expected medical costs.
Next, ask your loved one how they would like to meet their senior financial advisor in Anderson and find somebody who can accommodate their wishes. Online meetings are very convenient, but some seniors aren’t comfortable with the technology that facilitates them. Perhaps most importantly, make sure that your loved one can establish a solid personal relationship with their senior financial advisor in Greenville. If they don’t feel comfortable asking questions, their needs may not be adequately addressed.
Facts and figures about senior financial advisors in Greenville
How much should seniors save for retirement in Greenville?
Other than “as much as feasibly possible,” it can be difficult to nail down a retirement target because every individual has different needs and expectations. Luckily, WorldPopulationReview.com has compiled data that makes it easy to compare average retirement costs by state and compare them to the national average. Here is how Ohio fared:
Savings Required to Live Comfortably | Average Retirement Age | Average Life Expectancy | Average Yearly Expenses | |
---|---|---|---|---|
USA | 947819.32 | 64 | 78.2 | 54708.22 |
South Carolina | 784197 | 63 | 76.2 | 49507 |
South Carolina is substantially lower than the national average despite the average senior retiring earlier, making it a great state for your loved one to spend their golden years in. That said, Greenville financial advisors for seniors can still provide invaluable assistance in making sure that your loved one never runs out of money.
How long can seniors in Greenville expect their retirement savings to last?
Not knowing how long retirement savings need to last is another challenge that a Spartanburg financial advisor for seniors can help your loved one tackle. Forbes recently took a look at how long seniors live post-retirement based on their retirement age and came up with the statistics in the chart below:
Most seniors can expect to live at least 10 years after retirement, and living significantly longer is a distinct possibility. A senior financial analyst in Anderson can help your loved one create a financial plan that balances enjoying the present with squirreling enough away for the future so they’ll have nothing to worry about.
Why it’s important to work with a trustworthy financial advisor in Greenville
Some seniors feel lonely and isolated, meaning that they’re willing to talk to just about anybody. Sadly, that often includes scammers who hope to take advantage of a vulnerable population. A Greenville financial advisor for seniors can protect your loved one from becoming a victim, but only if you choose somebody who has their best interests in mind. Doing your research is important. Scammers may pay for fake reviews, so you can’t trust everything you read online. Instead, turn to trustworthy sources such as Seasons and the FPA to find your loved one a trustworthy senior financial advisor in Asheville.
Financial advisors for seniors in Greenville
Money isn’t an easy or enjoyable conversation topic, but a difficult conversation now can ensure that your loved one has what they need to enjoy their retirement years. We think that it’s a worthwhile tradeoff, so please utilize our free resources to find a great financial advisor for your loved one.