Best Financial Planners for Retirees
Planning your finances for retirement is a crucial task that requires expert guidance. With the right financial planner, you can ensure a comfortable and secure retirement. In this article, we will explore some of the best financial planners for retirees.
1. Vanguard Personal Advisor Services
Why Choose Vanguard?
Vanguard is a trusted name in the investment world and their Personal Advisor Services are highly recommended for retirees. They offer a mix of robo-advising and human interaction. Vanguard’s financial advisors can help you create a personalized retirement plan, manage your investments, and provide ongoing advice.
Features and Benefits
Vanguard Personal Advisor Services charges a low, annual fee of 0.30% of assets under management. They also require a minimum investment of $50,000. With Vanguard, you get access to certified financial planners who can provide advice tailored to your specific needs.
2. Fidelity Go
Why Choose Fidelity Go?
Fidelity Go is a robo-advisor service offered by Fidelity Investments, a well-established financial institution. This service is ideal for retirees who prefer a hands-off approach to managing their retirement funds.
Features and Benefits
Fidelity Go charges a fee of 0.35% for accounts under $50,000 and 0.40% for accounts over $50,000. The service offers automatic rebalancing and tax-efficient investing. Plus, you can contact human advisors for support if needed.
3. Charles Schwab Intelligent Portfolios
Why Choose Charles Schwab?
Charles Schwab is known for its customer service and comprehensive financial services. Their Intelligent Portfolios service is a robo-advisor that provides automated investment management, making it a good choice for retirees.
Features and Benefits
Charles Schwab Intelligent Portfolios does not charge advisory fees, commissions, or account service fees. However, they require a minimum investment of $5,000. The service includes automatic rebalancing and tax-loss harvesting.
4. Facet Wealth
Why Choose Facet Wealth?
Facet Wealth is a financial planning service that offers personalized, one-on-one advice from certified financial planners. It’s a great option for retirees who want a more personal relationship with their financial advisor.
Features and Benefits
Facet Wealth charges a flat annual fee that starts at $1,200. They do not require a minimum investment, making their services accessible to a wide range of retirees. Facet Wealth offers comprehensive financial planning, including retirement planning, investment management, and tax planning.
5. Betterment
Why Choose Betterment?
Betterment is a popular robo-advisor that offers a retirement income service specifically designed for retirees. This service can help you manage your retirement savings and create a sustainable withdrawal strategy.
Features and Benefits
Betterment charges a fee of 0.25% for their digital plan and 0.40% for their premium plan. They do not require a minimum investment. Betterment’s retirement income service provides a personalized withdrawal plan, automatic rebalancing, and tax-efficient investing.
Conclusion
Choosing the right financial planner for retirement is a personal decision that depends on your individual needs and preferences. These top-rated financial planners for retirees all offer a range of services and features that can help you secure your financial future. Always remember to do your research and consider your options carefully before making a decision.
