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Financial advisors, planners, and retirement specialists fill important but often misunderstood roles in financial planning. According to the Federal Reserve, only 31% of non-retired Americans feel their retirement savings are on track.
Understanding when and how to work with a financial professional can help bridge this confidence gap.
Think of financial planners as architects for your financial life – past, present, and future. They help organize everything from insurance policies and monthly payments to credit cards and investment goals.
This becomes especially valuable when your financial life grows more complex, whether through multiple income streams, growing career earnings, or competing financial priorities.
True financial planners, particularly those with fiduciary responsibilities or Certified Retirement Income Planner credentials, work backwards from your future goals.
They don't just help you accumulate wealth – they ensure you can use that wealth effectively throughout retirement through strategies like maximizing Social Security benefits, managing required minimum distributions (RMDs), and building sustainable retirement income streams.
Your late 20s mark an ideal time to meet with a financial planner, regardless of your debt situation or career stage. This timing allows you to understand how your various financial pieces work together while you still have decades of compound growth ahead.
A skilled planner helps you:
Most importantly, they provide objective guidance when you face complex financial decisions that are difficult to evaluate on your own.
Beware of "financial planners" who are actually salespeople in disguise. True financial professionals – whether Certified Financial Planners (CFPs) or Registered Investment Advisors (RIAs) – put your interests first and provide comprehensive advice, not just product recommendations.
Red flags include:
Remember, retirement planning isn't just about accumulating a target number and selling off assets. It requires sophisticated income strategies that blend Social Security optimization, dividend income, and thoughtful portfolio withdrawals.
As your financial life becomes more sophisticated, you'll face increasingly complex decisions. A qualified financial planner provides both expertise and accountability, helping you understand not just what to do but why it matters for your long-term security.
This is exactly why we created Savvly – to provide an innovative solution for retirement income planning. As the world's first market-driven pension, we offer affordable financial security for life at a fraction of traditional annuity costs. Our approach combines market returns with a long-life bonus, giving you reliable income when you need it most.
Ready to explore how a modern retirement income solution can complement your financial planning? Join our waitlist and discover how Savvly can help secure your financial future.
Assumptions and Risk Disclosure
The information on this page is provided for educational purposes only and is not intended as investment, legal, or tax advice. It is designed solely to illustrate how longevity-based investment benefits may work under certain assumptions. Actual results will vary.
All illustrations, examples, and case studies are hypothetical and are intended to demonstrate potential scenarios—not to predict or guarantee actual outcomes. They do not represent the performance of any individual investor, portfolio, or account.
Key Assumptions Used in the Illustrations
- Life expectancy and mortality projections are based on the most recent Social Security Administration (SSA) tables available at the time of simulation.
- In the event of death or early withdrawal, hypothetical scenarios assume that beneficiaries may receive 75% of the lesser of the initial investment or current market value, plus 1% for each full year the account was active.
- Case studies assume standardized market growth of 8% annually and do not incorporate unexpected market volatility, inflation, changes in interest rates, or changes in an investor’s personal circumstances.
- Simulations may assume a 3% annual early withdrawal rate prior to payout or death.
- All figures shown are net of fees.
Risks to Consider
- Market Risk: Investment values will fluctuate and may be worth more or less than the amount invested. There are no guaranteed returns.
- Sequence of Returns Risk: The order and timing of market gains or losses—particularly near the payout phase—can materially affect results.
- Longevity Risk: Living longer than projected may reduce the pooled benefit per participant; shorter-than-expected lifespans may affect the amount received.
- Redemption Impact: Early or voluntary withdrawals by other participants can impact overall fund performance and distribution outcomes.
No forecast, projection, or hypothetical return should be relied upon as a promise or representation of future performance. Investors should carefully evaluate their own circumstances and consult a qualified financial professional before making any investment decision.
