Get expert guidance on managing your savings and retirement

  • Consider hiring a financial adviser to help with retirement planning
  • Advisers can assist with investing, Social Security benefits, healthcare costs, and tax planning
  • Retiring at 62 may not be the most financially optimal choice
  • Advisers can provide guidance on how to best utilize savings
  • Be aware of the cost of hiring an adviser and choose a fee-only fiduciary
  • Alternatively, you can manage your money on your own with research and planning
  • Consider reading books on retirement planning for more information
  • Use tools like NAPFA or Let’s Make a Plan to find a financial planner
  • Email picks@marketwatch.com for issues with your current adviser or to find a new one

Planning for retirement can be overwhelming, especially when you have a significant amount of savings and rental income. Hiring a financial adviser can provide valuable assistance in navigating the complexities of retirement planning. They can help with investing your savings, maximizing Social Security benefits, managing healthcare costs, and minimizing taxes. However, it’s important to consider the cost of hiring an adviser and choose a fee-only fiduciary who prioritizes your best interests. Alternatively, you can take the DIY route and educate yourself on retirement planning through books and online resources. Remember to carefully research and plan your Social Security strategy and consider low-risk investments to preserve your nest egg. If you’re looking for a financial adviser, tools like NAPFA and Let’s Make a Plan can help you find a qualified professional. For any issues with your current adviser or to find a new one, you can email picks@marketwatch.com.

Factuality Level: 3
Factuality Justification: The article provides general information on how a financial adviser can help with retirement planning and managing savings. It offers pros and cons of hiring a financial adviser and also mentions the DIY route. The information provided is relevant to the topic but lacks depth and specific advice tailored to the individual’s situation. The article does not contain misleading information or propaganda, but it does include promotional content for finding a financial adviser.
Noise Level: 3
Noise Justification: The article provides relevant information on how a financial adviser can help with retirement planning and managing savings. It offers insights on the pros and cons of hiring a financial adviser, as well as tips for managing finances independently. The article stays on topic and provides actionable recommendations for readers. However, there are some repetitive elements and promotional content for finding a financial adviser, which slightly increases the noise level.
Financial Relevance: Yes
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the topic of retirement planning and seeking the assistance of a financial adviser. It does not pertain to any financial market events or extreme events.
Key People: Chris Chen (Certified Financial Planner at Insight Financial Strategists), Danielle Harrison (Certified Financial Planner at Harrison Financial Planning), Kaleb Paddock (Certified Financial Planner at Ten Talents Financial Planning)

Reported publicly: www.marketwatch.com