retirement advisor
Savimap selects, reviews and compares for you the best retirement advisors available online for remote consultation by video call, phone or email. Free of charge and totally independent.
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Leonardo Morre
🟢🟢🟢 Independent Financial Advisor with over 20 years of experience. ESG and SRI Expert.
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Frank Mulcahy
🟢🟢"Best in class" expert deal with investing, retirement, financial planning, insurance, estate planning, accounting, tax, legal, debt and real-estate to achieve "best results "
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Christopher Gething
🟢🟢 Christopher Gething is a financial advisor with over 15 years of experience based in NY City Area, with previous experience as a mechanical engineer.
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Steven Worral
🟢🟢 Financial Advisor with over 20 years of experience and founder of Front Row Financial. Expert in financial planning, investment and retirement.
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Sheila P. Padden
🟢🟢 Over 40 years of experience, of which +25 as CPA and +10 as President of his company, offering fee-only financial planning for individuals and families
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Patrick Bourbon
🟢🟢🟢 Fee-only independent Financial Advisor with 20+ years of experience. Your Personal CFO: Helping You Make Better Decisions - Save You Time - Less Conflicted Financial Advice (Peace of Mind)
What is a Retirement Advisor exactly?
A retirement advisor is a specialist who provides advice and guidance to individuals, couples, and families, for retirement. Retirement advisors typically work with customers to develop a complete plan that takes into account their financial position, life and retirement goals, and other relevant factors such as taxes, inflation, and investment risk.
Retirement advisors may help clients with a variety of tasks, such as calculating how much money they will need in retirement, developing an investment plan, selecting appropriate retirement accounts, and managing their retirement income streams. They may also provide guidance on how to maximize Social Security benefits, minimize taxes, and protect retirement savings from inflation and market volatility. They also suggest insurances to cover risks linked to aging, and they often advise on inheritances.
Retirement advisors may work independently, as it is more and more often the case, or they may be part of a financial planning firm, such as a bank or insurance company. Some retirement advisors may specialize in certain areas, such as estate planning or tax management. It is important to choose a retirement advisor who is knowledgeable, experienced, and trustworthy to help ensure a successful retirement plan.
Selecting a Retirement Advisor
Choosing a Retirement Advisor is a crucial decision.
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Savimap Excellence Score
Not only we select and compare financial planners for you. We also deeply and carefully review them.
Our editors and mystery customers periodically assess the financial planners you can find on Savimap. If and only they are excellent, they are given a Savimap Excellence Score which ranges from 1 to 3 green dots. Our evaluations are based on 6 criteria: quality of technical advice, clearness, range of expertise, availability, human touch and fees.
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How does Savimap work?
Search and compare Financial Advisors
Profit of the Savimap extensive database of financial advisors to find the ones who better fit your needs. We generally suggest to discuss with 3 to 5 in order to have different views and proposals.
Please note that on Savimap you can contact a maximum of 5 financial planners per month.
Get in touch
Once you have identified your preferred financial advisors, clik on "get in touch" : your contact information will be sent to the financial planner who will quickly get back to you. Some financial planners also offers you the possibility to directly book a a Video call or to phone them directly.
Laura TANNEY
Advisor
Discuss with your Financial Advisors
Financial Planners are independent from Savimap. You can freely discuss and agree on the fees applied, how and how often to discuss with your advisor. Some investors just need one call or one specific advice, while most investors ask for an initial check-up, then periodic calls to update their portfolio and investment choices. It is up to you!
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We’re here to all your questions
For more frequently asked questions and general information visit our Frequently Asked Questions section.
How much does a retirement advisor cost?
The cost mostly depends on each retirement advisor (according to their experience and credentials), the kind of advice you’re looking for, and the country you live in. As a very generic idea, based on a survey we recently conducted, on average investment advisors charge 200$ per hour (or the equivalent in other currencies), and the range is very wide: from as little as 20$ to more than 700$. Don’t hesitate to compare!
Here are the most common ways that retirement advisors charge for their services:
Percentage-based fees: Numerous investment advisors charge fees based on a percentage of the assets under management (AUM), typically ranging from 0.5% to 2%. For example, if an advisor manages a portfolio of a customer worth $1 million and charges a fee of 1%, the client would pay $10,000 per year for the investment advisor.
Hourly fees: Some advisors charge by the hour for their services, with rates typically ranging from $100 to $500 per hour (or the equivalent in other currencies). This fee structure may be more appropriate for clients who need specific advice or guidance on a particular issue, rather than ongoing portfolio management.
Fixed fees: Some advisors may charge a fixed fee for a specific service, such as creating a financial plan or providing investment advice for a set period of time.
Commission-based fees: Some advisors may earn commissions on certain products or services they recommend, such as mutual funds or insurance products. This fee structure has become less common in recent years due to concerns about potential conflicts of interest.
Please note that the fees are typically negotiable, and may vary depending on the size of the portfolio and the specific services provided.
It is also important to note that some retirement advisors may offer a combination of these fee structures. Additionally, the cost of a retirement advisor may be tax-deductible, so it is worth consulting with a tax professional to determine the tax implications of hiring a retirement advisor.
What is the best time to consult a retirement advisor?
The ideal time to consult a retirement advisor depends on your individual situation and goals, but generally, the earlier you start planning for retirement, the better.
Then, during your life, there are some essential moments, in which consulting a retirement advisor is even more important:
- When you’re within a few years of retirement age, it’s important to consult a retirement advisor to help secure that you’re prepared for retirement. An advisor can help you estimate how much you’ll need to save, create a retirement income plan, and navigate the various retirement accounts and options available to you. They can also help you make decisions about when to retire, how to maximize your Social Security benefits, and how to manage your retirement accounts in a tax-efficient way.
- When you experience a major life change such as marriage, divorce, the birth of a child, or the death of a spouse. It’s important to consult a retirement advisor during these times to ensure that your retirement plan is still on track and to make any necessary adjustments. For example, if you get married or divorced, you may need to update your beneficiary designations on your retirement accounts, revise your retirement income plan, or adjust your savings goals.
- When you receive an inheritance or windfall: If you receive a significant amount of money, such as an inheritance or a settlement, it’s important to consult a retirement advisor to determine how to best allocate those funds toward your retirement goals. An advisor can help you decide whether to pay down debt, invest in tax-advantaged retirement accounts, or create a diversified investment portfolio to help grow your wealth over time.
- When you’re just starting to save for retirement: The earlier you start saving for retirement, the better off you’ll be in the long run. If you’re just starting to save, a retirement advisor can help you create a plan to maximize your savings and take advantage of any employer-sponsored retirement plans or tax-advantaged accounts. An advisor can also help you create a diversified investment portfolio based on your risk tolerance and retirement goals.
In general, it’s a good idea to consult with a retirement advisor periodically throughout your working years to ensure that you’re on track to achieve your retirement goals.
Retirement planning can be difficult, and a competent advisor can help you navigate the various options available to you and make informed decisions about your retirement savings and investments. Your retirement will be more financially sound, and you will have more “piece of mind” during your active years.
Will a retirement advisor access my capital?
No, it is up to you to decide, you can delegate financial advisors to directly manage your capital, but it is generally advised not to do so. Most of the time, the best idea is to have your financial advisors give you only guidance. Then you are in charge of actually investing your money. This way, the financial advisor will suggest to you the best actions, but you will keep control of the final decisions, and you prevent most fraud risks.
Should I always consult independent retirement advisors?
Once again, it is always up to you, but it is indeed considered a good idea to be advised by an independent retirement advisor. The fee you pay will be more transparent, and they will be much more inclined to suggest to you the best products, and not the products they make them gain more commissions. However, financial advisors linked to specific financial institutions may be a good choice if you want or need to access a specific product or investment solution.
