Figuring out when to retire can be tricky. You want to make sure you have enough money saved up, but you also don’t want to retire too early and run out of money.
Difference between a financial planner and a retirement planner
A financial planner is someone who helps you manage your finances and make sound investment decisions. A retirement planner is, by default, a financial planner, but is highly specialized in the field of retirement.
Financial planners are experts in assisting you in accumulating and investing your money. In fact, financial planning is a highly specialized field that has many different areas of expertise. Financial planners often help you choose the best investment vehicles for your money.
As part of creating a retirement plan, retirement planners can also help you estimate how much money you or your spouse might receive from Social Security, dividends, pension, rental income, and any other retirement benefits you might be eligible to receive.