Mark is back again with another weekly webinar full of information regarding current headlines, IRA and retirement issues from the Ed Slott Group, weekly updates, and his financial planning topic: building your retirement team. He begins the webinar by discussing a recently published article that shares 5 reasons why you may want to think twice before opening a Roth IRA. Mark then answers some questions from viewers and shares updates from the Slott Group as well as his reflections on the current state of the stock market. For this week’s Financial Fifteen topic, Mark shares his advice on how you can build the perfect retirement team.
Assembling your Retirement Team
Building the right retirement team for you takes time and intention. In this segment, Mark discusses why you should have a team helping you, who should be on that team, and what qualifications and experiences they should have.
For Mark, having a retirement team that you can depend on and trust provides stability, confidence, and comfort. When it comes to building your dream retirement team, Mark suggests having three folks. A good retirement team has the following:
- A Certified Financial Planner (C.F.P) – be sure that your advisor is a fiduciary meaning they will act in your best interest before anything else. You’ll also want to make sure that your advisor is able to provide tax advice because this is one of the most impactful areas of your retirement planning.
- A Certified Public Accountant (C.P.A.) – Having a C.P.A. means you’ll have peace of mind knowing that they can provide education, proven proficiency, and ethical requirements. Mark also suggests hiring a C.P.A. who is “forward facing” meaning they have the bigger picture of your future goals and upcoming life changes in mind when advising you for what moves to make.
- An Attorney – Having a good attorney in your retirement plan means you’ll have professional guidance as you navigate things such as estate planning and other legal matters surrounding your finances.
Ultimately, Mark ends the webinar urging you to rethink a DIY approach to your financial planning so that you can be sure your financial plans are comprehensive with tax efficiency at the center of it all.
Each Tuesday at 10:00 a.m. (except Tuesdays that follow Market Holidays), I hold a Live Webinar where I discuss recent headlines, IRA and retirement issues from the Ed Slott Group, market updates and analyst reports, and a timely Financial Planning strategy or technique.
This week I discuss your Retirement Team. Why you should have a team helping you, who should be on that team and what qualifications and experience they should have.
Please don’t hesitate email us with any questions you have or if you’d like to schedule an appointment with us. You can reach us at firstname.lastname@example.org.
Each webinar is indexed so you can jump to the section that interests you most or watch the entire broadcast.
Mark Byelich is a Certified Financial Planner™ practitioner and also holds the Accredited Investment Fiduciary® designations. He is a member of Ed Slott’s Master Elite Advisor Group. This exclusive group is comprised of nearly 400 of the nation’s top financial professionals who are dedicated to the ongoing training and mastery of advanced retirement account and tax planning laws and strategies.
Mark is committed to education and professional development in the financial services field and has been asked to speak by major news organizations and to his peers around the country about financial planning strategies.
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