{"id":13190,"date":"2018-01-26T07:00:01","date_gmt":"2018-01-26T13:00:01","guid":{"rendered":"https:\/\/www.senioradvisor.com\/blog\/?p=13190"},"modified":"2019-07-24T16:58:50","modified_gmt":"2019-07-24T21:58:50","slug":"tips-to-find-a-financial-advisor-for-seniors","status":"publish","type":"post","link":"https:\/\/d30braiqprupoq.cloudfront.net\/blog\/2018\/01\/tips-to-find-a-financial-advisor-for-seniors\/","title":{"rendered":"5 Tips to Find a Financial Advisor for Seniors"},"content":{"rendered":"

5 Tips to Find a Financial Advisor for Seniors<\/h1>\n

Americans generally don\u2019t score well<\/a><\/strong> when it comes to financial literacy. People of all ages struggle with finding the right mix of investing, saving and spending; but seniors face a number of unique issues when it comes to managing their finances well<\/a><\/strong>.\"5<\/p>\n

You have to figure out how to live comfortably on your retirement savings and social security. You have to think about the long-term expenses of aging in place<\/a><\/strong> and senior care<\/a><\/strong>. Many seniors will also experience dementia or memory issues that make it increasingly difficult to stay on top of their finances \u2013 something it\u2019s better to prepare for long before you reach that point.<\/p>\n

For many families, money issues like these are a lot to figure out on your own. Working with a financial advisor can help you create a long-term financial plan and break down how to handle your spending each month to achieve it. But it\u2019s important to find a financial advisor that\u2019s ethical, knowledgeable and able to help you with your particular situation.<\/p>\n

Here are a few tips to find someone that checks all those boxes:<\/p>\n

1. Ask for referrals.<\/h3>\n

A recommendation from someone you know is always a strong place to start when finding someone for just about any need. Ask around to see if you have friends and family who have worked with financial advisors before. If you\u2019re on social media, ask for recommendations there.<\/p>\n

Different advisors have different specialties, so don\u2019t assume off the bat all the recommendations you receive will be a good fit. If people offer up suggestions, go a little deeper and ask them about their particular experience with that financial advisor to learn more, and do some Googling to see what their website and reviews can tell you.<\/p>\n

2. Check industry databases.<\/h3>\n

If asking around didn\u2019t get you a list of good options, have no fear. There are a few professional databases you can search to find qualified financial planners in your area:<\/p>\n