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How an Accountant Can Help You Plan for Your Retirement

Posted by : Premraj | Posted on : Thursday, November 23, 2017

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When you think of what an accountant does, it’s quite normal to think of them preparing and then filing taxes on their client’s behalf, working at a large firm helping to keep the books balanced for their various customers, and even working for the government. Did you know that an accountant can actually help you when it comes time to planning your retirement? That’s right, that same educational background of a bachelors of accounting can also prove to be useful when helping to advise clients on how to prepare and save for retirement.

The Role of a Financial Advisor

For many people who have pursued a bachelors degree in accounting, they don’t necessarily want to work in the traditional role of a chartered public accountant, but obviously, they want to put to use their training and all they learned in their online accounting degree. Many of those same skills that are learned in the masters program can be used as a financial advisor.

A financial advisor has many hats, but their main purpose is to advise people on how to use their money best. Nowhere is that more important than when trying to come up with a retirement savings plan. These advisors can help you figure out how to save, where to save, how long you’ll need to save, and when you can afford to retire. They can literally take all the mystery out of retirement.

To best advise their clients, they will need to take a look at your personal finances, cash, collateral, and investments. This helps to paint a complete picture of where you are from a financial perspective.

Can You Trust Their Advice?

Because you will be trusting your financial advisor with the state of your financial portfolio, you want to know that they are looking after you. Financially advisors are bound by law to act in the best interests of their client. This also means that they need to stay on top of all the latest rules, regulations, changes, and trends taking place in the financial industry.

Of course, even with the fact they are looking out for your best interests, it is still wise to ask questions and make sure you understand what the advisor is discussing.

One of the Most In-Demand Careers

Thanks to the ever-increasing population of retired people a retirement specialist or financial advisor just so happens to be one of the most in-demand careers out there. As more baby boomers head into their retirement years, this demand will only continue to grow as people look to create a retirement plan that works for them.

An Accountant Could Be What You Need

So, the next time you start to give thought to your retirement plan and you try to make sense of all the numbers, you may want to consider meeting with an accountant who can act as a financial advisor. With their help and advice, you may be closer to retirement than you thought, which is good news all around.

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