Top 3 Things to Ask Your Financial Professional

Top 3 Things to Ask Your Financial Professional
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Top 3 Things to Ask Your Financial Professional

Knowing how much and where to save your money is essential to leading a financially secure life. However, wrapping your head around the multitude of retirement options available can be stressful. Consider talking to a financial professional with the right knowledge to ensure you are left with more answers than questions to help you achieve your long-term financial goals.

To get the most out of your meeting and ensure a fiscally sound future, make sure to ask your financial professional these three questions:

1. How much of my income should I put toward my retirement savings? While the percentage of income that goes toward retirement savings varies from person to person, it’s important that at whatever income level, you are contributing something toward your retirement. Talk to your financial professional about your goals to assess an amount that works for you.

2. Is my portfolio diversified? Investing in your company’s 401(k) retirement plan can be a great choice if your employer offers this type of plan, but it isn’t the only option. Balancing your portfolio with options like fixed indexed annuities (FIAs) can help secure a guaranteed lifetime income stream and minimize risk. FIAs can help bring balance to some more risky options in your portfolio and can help protect against volatile markets.

3. Am I ready for retirement? According to a report from the Indexed Annuity Leadership Council, one in three Americans confess to stopping their retirement savings at least once. Ask your financial professional to examine your financial situation and evaluate if you are on track to meet your retirement goals. If not, see what adjustments you can make in your savings strategy to help foster financial security.

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