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Roanoke Financial Advisors for Seniors

What to know when choosing Roanoke financial advisors for your loved one

One of the realities of aging is the inevitable physical and cognitive decline that comes with it. This often means that seniors will eventually need long-term care and, if their insurance doesn’t cover it, this can be a heavy financial burden for them and their loved ones. Almost two-thirds of all retired U.S. adults say that they are reliant on Social Security for income, which is often not enough to cover the steep costs of medical treatment and quality care. Working with a Lynchburg or Roanoke financial advisor for seniors can help your loved one make informed decisions about their finances and their future while they still have the capacity to do so. It can also ensure that they get the expert advice they need to manage their finances well so that they don’t have to worry about compromising their dignity and independence upon retirement, especially after working so hard for so many years.

Seasons is ready to help you find a top financial advisor in the area to make sure that your student is able to enjoy a good quality of life in their later years. You can start your search by browsing the free listings we have provided below:

Showing 10 Businesses
Wayne Firebaugh Inc
Roanoke, VA
5.0 1 Review
Wayne Firebaugh is a financial advisor in Roanoke, Virginia that adheres to a strict fiduciary approach when providing retirement planning advice and investment management to individuals and small business owners. Wayne provides clients the knowledge, perspective, and accountability they need to make wise financial decisions. In financial planning, there is often no right or wrong decision, only appropriate or inappropriate decisions based on your financial goals. Wayne’s role is to ensure your decisions are appropriate for your individual situation so you can more likely reach your unique future goals. The financial world can be a confusing, stressful place, but Wayne believes true peace of mind comes from having an achievable plan.
111 Campbell Ave SW # 1B, Roanoke, VA 24011 540-366-5800 Send Message

Services provided at this location

Senior Financial Advisors
Integrity Financial Planning, Inc.
Roanoke, VA
5.0 3 Reviews
Integrity Financial Planning, Inc., an Independent Registered Investment Advisor based in Roanoke, VA, helps clients protect their retirement assets and finds creative strategies to increase your income. Our fiduciary duty helps to ensure that we are working with our clients’ best interests at heart. As independent financial advisors, we have the ability to select from a wide range of products and services that may be appropriate for each client’s situation.
1315 2nd St SW #102, Roanoke, VA 24016 540-266-3100 Send Message

Services provided at this location

Senior Financial Advisors
IFA Wealth
Roanoke, VA
5.0 3 Reviews
As independent financial advisors, our mission is to provide unbiased advice and unsurpassed service in the areas of investments, risk management, retirement planning, 401k rollovers, IRA rollovers, ROTH IRAs, and estate planning. Founded in 1997 by four experienced financial advisors, the group has grown to include 12 advisors with more than 250 years combined financial services experience.
2709 Brambleton Ave SW, Roanoke, VA 24015 540-776-3343 Send Message

Services provided at this location

Senior Financial Advisors
Guelich Capital Management LLC
Roanoke, VA
We’re financial professionals striving to help our clients accomplish their goals and experience greater fulfillment through custom financial solutions. By maintaining a planning perspective, your own needs and vision are at the core of what we do. We take great care to walk you through each aspect of your financial life, fostering a collaborative relationship and building confidence in your plan.
1401 Franklin Rd SW, Roanoke, VA 24016 540-772-4545 Send Message

Services provided at this location

Senior Financial Advisors
FocusOne Integrated Financial Planning
Roanoke, VA
5.0 2 Reviews
The FocusOne team integrates personalized service, careful tax planning, and detailed research into a cohesive and comprehensive financial plan for young professionals, families, pre-retirees, retirees, business owners, and employers just like you.
2630 Electric Rd, Roanoke, VA 24018, 540-767-4824

Services provided at this location

Senior Financial Advisors
Fee-Only Financial Planning LC
Roanoke, VA
Fee-Only Financial Planning, LC is built upon pillars of simplicity and practicality. We are proud to provide our clients with a highly personalized collaboration. We recognize that meaningful financial counsel cannot be automated or generated from a template. Our goal is to build a lasting alliance with clients in all stages of life by offering valuable objective advice in support of financial freedom. We invite you to become a part of our mission.
355 Campbell Ave SW. Roanoke, VA 24016 540-342-7102 Send Message

Services provided at this location

Senior Financial Advisors
Baumoel & Goodman I Financial Strategies
Roanoke, VA
Baumoel & Goodman Financial Strategies created this Web site to help you gain a better understanding of the financial concepts behind financial planning, investment management and retirement income planning, estate planning, insurance and wealth preservation. Most importantly, we hope you see the value of working with skilled professionals to pursue your financial goals.
3603 Brambleton Ave, Roanoke, VA 24018 540-774-1452 Send Message

Services provided at this location

Senior Financial Advisors
Bass Financial Management
Roanoke, VA
A financial plan serves as a map toward your personal financial destination. We work with you to develop a financial plan that meets your needs and navigates your journey toward success. Our goal is to ensure all aspects of your financial life are working together to give you the best possible chance of accomplishing your long-term goals. We are students of the school of behavioral finance, which is the study of how emotion and psychological factors impact people’s financial decisions. While we don’t have the power to control market forces, we can help you control your reactions and make wise, clear-headed decisions during periods of market volatility.
2404 Electric Rd Suite B, Roanoke, VA 24018 540-491-2041 Send Message

Services provided at this location

Senior Financial Advisors
American Financial Planning, Inc.
Roanoke, VA
5.0 3 Reviews
Our core desire is to help you protect your assets, maximize your income, minimize taxes, and build wealth. We have the experience and the tools to get it done and we’re passionate about helping you achieve your financial goals.
541 Luck Ave SW Suite 304, Roanoke, VA 24016 540-904-1670 Send Message

Services provided at this location

Senior Financial Advisors
Davenport & Company LLC
Roanoke, VA
4.3 6 Reviews
At Davenport & Company, we believe that wealth management is timeless. Opportunities arise, trends change, and technologies evolve — but the fundamentals of investment research and management remain. Our financial advice and personal service are the foundation of our success with individuals and institutions across generations. Davenport is an independent, employee-owned firm, founded in Richmond, Virginia in 1863. For 159 years, we have experienced nearly every kind of financial market and we have learned the importance of balancing stability and innovation in a dynamic environment. We know that there is more to our business than delivering high-quality financial services; it is about building meaningful relationships.
10 Franklin Rd SE Suite 450, Roanoke, VA 24011 540-345-1909 Send Message

Services provided at this location

Senior Financial Advisors
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How much should seniors save for retirement in Roanoke?

Although research shows that seniors retiring in the state of Virginia are able to live comfortably with less compared to the national average, the reality is that many seniors lack sufficient savings by the time they reach the age of retirement. This makes them reliant on other sources of income in order to meet their basic needs.

Savings required to live comfortably Average retirement age Average life expectancy Average yearly expenses
USA $944,280 64 78.2 $54,700
Virginia $884,833 65 79.1 $52,295

Facing the cognitive decline and deterioration of health that often comes with age is hard enough without having to worry about how to meet your basic needs. With the help of a senior financial advisor in Roanoke or Lynchburg, you can ensure that your senior doesn’t have to face this grim reality.

How much might seniors in Roanoke have saved for retirement?

Most people contribute toward some kind of retirement savings plan throughout their working life but, by the time they reach retirement age, this lump sum is far from enough to cover their living expenses. This means that these savings will most likely need to be supplemented with another source of income.

This is why financial planning is incredibly essential for all seniors, no matter how much they have managed to save up for retirement. It is never too late to take steps to realize a better and more secure financial future and no one is better equipped to assist with this than Roanoke financial advisors for seniors.

What to look for when selecting a senior financial advisor in Roanoke

You can start by carefully considering your senior's needs and what services they will most benefit from. Focusing on financial advisors that can accommodate your senior's specific needs will help you narrow down your search parameters. Then, it is important to screen and vet any Roanoke financial advisor for seniors that you are considering. Seniors are especially vulnerable to financial scams and exploitation so you want to be very sure that the advisor you choose is someone you can trust. That's why it is also a good idea to request references, check their standing with relevant professional bodies, and even check with consumer agencies such as the Better Business Bureau.

Finally, make sure to shop around as much as possible to compare offerings and rates. If you'd like more information, consult our comprehensive guide to choosing a financial advisor for seniors.

Financial advisors for seniors in Roanoke

One of the best things you could do to ensure that your loved one is able to enjoy their golden years financially secure and with their independence and dignity intact is to connect them with a senior financial advisor in Roanoke. Seasons can help you find the exact right one to meet your senior's needs.

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