If you are interested in your financial future, you are not alone. Most people are concerned about today and far into the future. When you want to enjoy your golden years to the most, a Baltimore MD retirement income planning professional is there to help.
Not long ago, a good financial planner was considered essential for millionaires and those with large investment portfolios. However, the average person can benefit a great deal from a financial planner. So many people work hard all their lives and think that tomorrow will take care of itself, and when tomorrow finally arrives, they do not have enough money to live comfortably on.
You might think that your current pension plan is sufficient, when you include Social Security benefits. Yet, it is hard to tell how inflation will affect future economic conditions. What seems like a reasonable pension check amount may be woefully insufficient in the coming years.
Maybe you believe it is too late to consider options, as you may only have a few years to go. An experienced financial planner will be able identify areas risk and help you to plan for future income streams. You may have several options that you are unaware of and they may be able to save you on taxes and provide opportunities for extra income.
An IRA may be one of the best ways to provide a hedge against future inflation. However, you may not be sure whether to invest in a Roth or traditional IRA. Your financial planner can show you the differences and advise you on what to do.
Before you open up an IRA you may want to control the investments. This is possible when you have a self directed IRA. However, the IRS has specific rules that must be followed for these IRAs and your Baltimore financial planner will help you set up the account and provide the necessary guidance.
Find a summary of the benefits you get when you consult a Baltimore MD retirement income planning professional and more information about an experienced financial adviser at now.