Ben Mohr Retirement Planning

There’s a difference between a financial advisor and a retirement advisor

One is to help assist in short-term and long-term financial investments, a financial advisor - while the other is more specialized to ensure your long-term goals are set up for success - a retirement advisor.

There are things we can do on our own and there are things we need specialists for. Not always do we need someone who specializes - if I cut my finger slightly I can bandage it myself, but if the cut is too deep I will need a doctor.

This scenario holds true with financial services. Yes, under some circumstances you can handle your financial affairs on your own successfully however, when money is on the line in regards to a long-term goal - retirement, going it alone may not be the best choice.

If you’re under 45 years old, have contributed to your 401K, and also have put money into your Roth IRA, you can probably manage your finances without professional help. If you come into a large sum of money or need to roll the money over or withdraw because of unforeseen circumstances - you may need professional guidance.

Some things to look out for when looking t retirement planning and whether you should go it alone or seek professional financial guidance depends on the following:

• Tax planning

There’s a difference between tax preparation and strategic tax planning which looks more long-term. Financial advisors can look to see what your best odds are for diversifying your income streams and harvesting opportunities to offset taxes on gains and income while comparing the most beneficial retirement opportunities.

• Income Planning

When the paychecks stop - how your income continue? A skilled financial advisor can assist you in avoiding early withdraws, poor investments, and guide you through social security payments and additional income sources.

• Investment Planning

Risk, commitment, and understanding the volatility of the market and investments is something you must assume the responsibility of if you choose to go in on investments alone. Ensuring your long-term goals match the investment strategy you have in place is beneficial for your retirement needs.

Goals shift and circumstances inevitably change. These are things you need to adequately prepare for and making these priorities apart of your full-time job - or at least top priority is hard to juggle with day to day life. Ben Mohr retirement planning and financial services are set up to guide you through these tribulations and navigate the ever-changing landscape of investments and opportunities and make sure your future is always top priority.