{"id":10834,"date":"2026-07-19T07:06:33","date_gmt":"2026-07-19T11:06:33","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=10834"},"modified":"2026-07-19T07:06:44","modified_gmt":"2026-07-19T11:06:44","slug":"retirees-are-turning-to-financial-advisers-to-know-if-they-are-on-track","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=10834","title":{"rendered":"Retirees are turning to financial advisers ‘to know if they are on track’"},"content":{"rendered":"
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Retirees are turning to financial advisers, many for the first time, after navigating their saving years on their own.<\/div>\n<\/div>\n
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About a quarter of retirees who have never worked with a financial adviser are now on board, double the number from five years ago.<\/p>\n

“Retirees increasingly have lump sum savings from retirement plans that they need help with investing and spending and figuring out how to withdraw from their savings to generate income,” said Craig Copeland, director of wealth benefits research at Employee Benefit Research Institute (EBRI), which published the\u00a0findings<\/a>.<\/p>\n

Read on Yahoo Finance.<\/a><\/em><\/strong><\/p>\n

Most of them accumulated a stockpile on their own through consistent investing over the years in their employer retirement plans, IRAs, and brokerage accounts. But now it’s showtime.<\/p>\n

“New retirees want to know if they are on track,” said Nathan Sebesta, a financial planner in Artesia, N.M.<\/p>\n

Their biggest questions: how to turn savings into retirement income, what to do with old retirement accounts, when to claim Social Security, how to reduce taxes, and whether their estate plan is up to date.<\/p>\n

“Retirement is often the first time in decades anyone has looked at the whole picture at once, and the gaps show,” Jordan Whitledge, a financial planner in Evansville, Ind., said. “Most people do not hire a guide until the terrain changes, and retirement is when it changes.”<\/p>\n