Financial Planner Q&A . . . What You Should Ask.

Many people spend more time planning their vacations than they do planning their retirement. Why? For the most part, it’s because people just don’t know what to ask or how all of the pieces of one’s financial puzzle fit together.

So, what should you ask your financial advisor? First, take an honest assessment of your current circumstances and define what you need to consider over time, including:
1. When do you want to retire?
2. When can you afford to retire?

Every element of a person’s finances should be reviewed on a regular basis and analyzed in support of their long-term financial goals. Attention should be paid to spending habits, debt service, budgets, savings, medical issues, estate planning, gifting, taxes, and other factors that make up the complete financial picture.

When looking into your financial future, it’s a good idea to consider working with a financial advisor to project possible life experience scenarios that may require some special preparation. Your plans could be affected by marriage, buying a house, having children, changing jobs, helping children with college expenses or taking care of elderly or ill parents.

You and your financial counselor should also consider and review your insurance needs, including life, long-term care to ensure you and your family are properly covered for life’s unexpected events. It is also important to discuss with your advisor your investment risk tolerance, tracking investment returns, employer benefit plans, retirement accounts, and savings to help ensure your financial goals may be realized.

While you can’t control some things, such as the economy, taxation, politics, and the like, you can take steps to prepare for change, help protect your family, and plan for your future. You just have to know what questions to ask your financial advisor.
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About the author: About Ronald Bernheim, the owner of Financial Freedom Wealth Management Services, in Chatsworth, CA. He offers a free, no-obligation counseling session to determine whether a financial review or comprehensive plan is indicated. Interested parties may call (818) 626-9498 or e-mail or visit the website at

Disclosure: All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California, Arizona, Florida, Washington