Washington D.C. Financial Advisors for Seniors

Selecting the right Washington D. C. financial advisor for seniors may seem daunting, but it doesn’t have to be that way if you do some research into your options. You’ll want to think about your loved one’s needs first. Do they have savings and retirement accounts they can draw from in addition to income from a pension, Social Security, real estate, or other sources? Are there any long-term health expenses an advisor will need to plan for? With this information in mind, you can vet potential Washington D. C. financial advisors for seniors based on their experience handling situations similar to your loved one’s.

Talk to your potential advisors about references, and follow up with them. Check for a certification such as CSA (Certified Senior Advisor) or relevant experience. Ask about fraud and other financial pitfalls many seniors face to see how they help people avoid them. Taking these steps upfront can go a long way towards getting your loved one the financial support they need.

Seniors everywhere need to manage the money they have and the money coming in to handle their expenses now and into the future, and a capable Washington D. C. financial advisor for seniors knows how to navigate these challenges. Here’s some information from World Population Review comparing expenses for seniors in Washington D. C. in comparison to national averages:

It’s clear that those living in Washington D. C. need more money than the average American to live comfortably through their golden years. This is why the assistance of a skilled senior financial advisor in Washington D. C. can be a critical aspect of your loved one’s overall graceful aging plan.

Savings are another important component of a retirement plan. Besides Social Security, savings may be all someone has before stepping into retirement, and that can cause quite a few headaches for seniors and those who support them. The following information from CNBC tells us more about how much money Americans in their 60s and 70s have saved up:

Considering the expenses that the average person needs to get by comfortably through their life expectancy, it's clear that many Americans are low on savings. When you find a senior financial advisor in Washington D. C., discuss your loved one's savings and, potentially, ways the advisor might be able to help these grow with a minimal amount of risk.

In addition to keeping enough money around to live comfortably, seniors also face the prospect of scams and other financial pitfalls that can rob them not only of funds, but of their ability to enjoy a relatively stress-free retirement. It's important to find a trustworthy Washington D. C. financial advisor for seniors who can discuss these issues with you and can take steps to protect your loved one's capital. It's a financial advisor's fiduciary responsibility to keep the best interests of their client as the top priority, and most advisors take this responsibility seriously. Doing your homework upfront can go a long way to protect your loved one.

At Seasons, we care about making the golden years enjoyable for seniors and manageable for those who support them. Proper financial advisement can be a critical component in making sure seniors can live out their years comfortably, securely, and with as much independence as possible. Review these Washington D. C. financial advisors for seniors to find someone who has the right skills for your family's needs.