Retirement planning is an important and often overlooked financial requirement. According to the United States Department of Labor, you should make sure you have enough in retirement income to last 30 years.
The fact is that more seniors are living into their eighties and nineties and require income to cover living costs and health care expenses. It is not only retirement income you should plan, but also estate planning, health care, medical expenses, and long-term care. A retirement planner can help with these as well as show you what investments you should consider to yield a higher return and enlarge your portfolio.
A retirement planner can also help you with determining whether to retire at age 62 and take a smaller Social Security benefit or retire at age 66 for full benefits and a higher monthly amount.
There are dozens of retirement planners in the San Antonio area. You should look for a Certified Financial Planner or Advisor that specializes in retirement planning and retirement income management. Your friends and family may be able to offer you recommendations as well as finding legitimate help online through organizations like the National Association of Personal Financial Advisors (NAPFA). You can use the organization’s website to search for personal financial advisors that specialize in retirement planning, retirement investments, and estate planning. Using that search criteria, you can locate 28 advisors in 20 firms within a 190 mile radius of San Antonio.
The Central, Coastal, and Southwest Texas Better Business Bureau (BBB) can help you locate financial planners in your area. The BBB lists over 50 financial planners in and around the city along with ratings and reviews.
You can search the CFP (Certified Financial Planners) Board of Standards database for CFPs that specialize in retirement planning and estate planning. You can also narrow the search even further by selecting investable assets and compensation options.
The senior centers in San Antonio are hubs of senior city life and resources for adults age 60 and over. You can find the directory for senior centers at the City of San Antonio Senior Services online. There are nine comprehensive centers listed operated by the Department of Human Services and four centers operated by the Parks and Recreation Department. The centers can provide transportation, nutrition counseling and meals, wellness workshops, exercise, and education.
If you are looking for one-on-one financial counseling, visit the San Antonio Financial Empowerment Center for free financial counseling. The center can help you rebuild your credit, start a savings, create a budget, deal with debt collectors, and find safe financial products. The Financial Empowerment Center has two locations for your convenience:
Claude Black Community Center
Hosted by United Way
2805 E. Commerce Street
San Antonio, TX
The Neighborhood Place
Hosted by Family Service Association
3014 Rivas Street
San Antonio, TX
You will need to make an appointment, but appointments are available during the daytime, evening, and weekends.
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