What to look for when selecting a senior financial advisor in Harrisburg
Locating a senior financial advisor in Lancaster is simple enough, but finding the right one can be considerably more challenging. You have to make sure that any Harrisburg financial advisor for seniors you’re considering has the expertise to handle your loved one’s unique needs. For instance, a senior who enjoys the stock market needs an advisor to bounce ideas off of, while one who doesn’t probably needs their financial advisor to manage their money for them. Likewise, your loved one should be able to meet their York financial advisor for seniors however they’d like. That could mean meeting up in person or using technology such as Skype, Zoom, or Google Hangouts. Finally, your loved one’s senior financial advisor in Harrisburg should be easy to communicate with. If your loved one hesitates to raise any concerns they may have, how will their needs ever be addressed? We know it’s a lot to consider, but the benefits are worth the effort.
Facts and figures about senior financial advisors in Harrisburg
How much should seniors save for retirement in Harrisburg?
Every senior has different expectations heading into retirement, which means that they’ll have different retirement goals. Furthermore, how long your loved one lives can affect what they need. WorldPopulationReview.com has collected data on the average retirement savings required to live comfortably by state, making it easy to get a baseline for your loved one’s needs:
|Savings Required to Live Comfortably||Average Retirement Age||Average Life Expectancy||Average Yearly Expenses|
Pennsylvania is more affordable than the national average by nearly $100,000, but your loved one will still need a lot of money to live comfortably. A senior financial advisor in Lebanon can help them make a plan for multiple contingencies to ensure that they are ready for whatever comes next.
Does confidence in finances increase when working with a financial advisor in Harrisburg?
Having money in the bank is important, but the peace of mind of knowing you’re prepared can be just as valuable. Northwestern Mutual conducted a study in 2019 that looked at how people saw their financial situations through the lens of whether they worked with a financial advisor, and the results are illuminating if predictable:
More than half of respondents who worked with a financial advisor responded positively to every question asked of them, while some of the questions hovered around 30% on the other side. If you aren’t sure that your loved one should work with a senior financial advisor in Lancaster, this peace of mind may be the extra nudge you needed.
Why it’s important to work with a trustworthy financial advisor in Harrisburg
We’d like to believe that nobody would take advantage of a senior in need, but unfortunately, scam artists love targeting this vulnerable population. If your loved one needs companionship, that could be the only in that an unscrupulous individual needs to rob them blind. Choosing a Harrisburg financial advisor for seniors gives your loved one an extra line of defense, but only if the candidate works as a true fiduciary instead of looking out for themselves. Reviews may be biased, so we recommend using impartial resources such as Seasons to find a senior financial advisor in Harrisburg for your loved one. You should also independently verify any credentials that a prospective York financial advisor for seniors claims to have.
Financial advisors for seniors in Harrisburg
Finance can seem like a second language at times, so why take on the responsibility of helping your loved one navigate it? Instead, use our resources to find them a certified senior financial advisor in Lebanon who can handle the tough financial questions while you enjoy your loved one’s company.