Why This Money Blogger is Having a CFP® Review His Retirement Plan

This is a sponsored post in partnership with the CFP® Board. Opinions expressed are my own.

cfp review retirement plan

I learned from my years as a Boy Scout that being prepared can be the difference in having an enjoyable backpacking outing or a miserable and unforgettable experience. To this day, I can still remember the painful blisters as a result of not properly breaking in a new set of hiking boots. I was not prepared for that backpacking trip and I paid the price.

Sometimes it takes a painful lesson to get your attention. I carry that lesson with me today and do my best to be prepared for any situation. Whether it is having an emergency kit in the car or planning for my retirement.  I have worked hard my entire life and have been preparing for the day when I can eventually retire.

I’m on track for early retirement but I’m still planning on working with a CERTIFIED FINANCIAL PLANNER™ professional to review my plan.  Here’s why.

A CFP® professional has the right training and experience

Even though I have a background in finance and have taken the necessary coursework that would allow me to sit for the CFP® Exam, I do not have the training and experience that a CFP® professional does.

When you engage a CFP® professional, you are getting a highly trained and experienced professional that has met stringent standards set by the CFP Board that includes:

  • A minimum of 4000 hours of financial planning experience
  • Training in 72 financial topics including estate planning, taxes, and investing
  • Passing the comprehensive CFP® certification exam and,
  • Promising to put client interests ahead of their own interests when providing financial planning services.

I can’t emphasize enough how important finding the right professional financial advisor is.

A CFP® professional has the tools and expertise to help you prepare for the future

Retirement is on the horizon for me and I am excited to think about the possibilities. I’ve been a saver most of my life and I feel confident that I have sufficient savings for retirement however, there are questions that I have.  How would moving affect my retirement finances? How should I handle a future inheritance? What if my health changes?

These are questions that most retirees have, and the answers depend on your own unique situation. Sitting down with a CFP® professional to assess your current financial health by looking at assets, liabilities, investments, insurance, income, taxes, and an estate plan will result in a comprehensive financial plan specifically tailored to meet your personal and financial goals.

A CFP® professional can help you navigate life’s challenges

Life’s challenges can be both rewarding and difficult at times and having a plan of action is critical to being able to successfully handle what life presents you.  Having a financial expert by your side making sure you stay on track to meet your financial goals and providing feedback to help keep you focused can give you the comfort and confidence you need.

Just like the line in the movie Forrest Gump, life can be like a box of chocolates and you never really know what lies around the corner. That is both exciting and reason for some concern.  Having a plan for my retirement finances gives me comfort and knowing that when something comes up, I can sit down with a financial expert and adjust my plan whenever needed.  My goals are too important to me and my family to risk not being prepared! www.letsmakeaplan.org

having a cfp review your retirement plan

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