A West Houston Retirement Planner Near Me is just who you need to make the most out of your retirement savings. If you haven’t started saving for retirement yet, that’s all the more reason you need a local retirement planner. It’s never too early to start planning. On that note, the later you begin to save, the more that professional advice and account management becomes necessary. But regardless of what stage of your retirement planning journey you find yourself, Potter Financial can help.
Benefits of a West Houston Retirement Planner Near Me
When planning for retirement, the closer you are to your financial advisor, the better. Working with a local retirement planning firm in Houston has many unstated benefits that you might not realize until it’s too late. For example, our comprehensive financial planning takes into account the experience of living in Houston. Where you live has an impact on how you might spend your money during retirement. For example, a mid-western financial planning firm may not remind you to set aside additional flood insurance or money for flood damage restoration. Working with a team that’s lived in the area for most of their lives means that you’re prepared to live and retire in Houston comfortably.
Another advantage of staying local is that you can find a company that’s accustomed to serving clients with in-person meetings and services. If you prefer to discuss financial matters in person and don’t want to leave account management up to a person you’ve never seen, Potter Financial is the firm for you.
How Our Retirement Planners Can Help You
One of the great things about Potter Financial is that in addition to sound financial advice, our retirement planners can actually offer wealth management services. We’ll discuss both in more detail below.
Financial Planning Services
The first step to saving for retirement is to make a detailed plan. A good financial plan takes into consideration all of your finances, including cash flow, debt, and more. After making a detailed assessment of your financial standing, we can take into account your goals. Because we’ve already looked at your finances, we can identify the best way for you to achieve those goals. The strategy has actually to help you accrue or save more wealth, but allow you to maintain a comfortable standard of living. A retirement planner can help you identify areas where you can pull back or maximize expenditures, giving you greater capital, which can be used to fund your retirement accounts.
Once we’ve set goals, you have the option of putting your assets under management at Potter Financial. Our retirement advisors can oversee your retirement count. With proper asset allocation and oversight, you increase your chances of seeing great returns on your investment. You don’t have to have any prior investment experience in order to take advantage of this opportunity. We have access to thousands of well-performing stocks and portfolios. With investing, your money earns more money for you.
Pros and Cons of Investing
We’re not going to sugarcoat it—investing has its risks. However, it should give you some comfort to know that many of those risks are a result of human error. Furthermore, with the help of a skilled financial advisor, some of these risks can be mitigated or perhaps even avoided completely. For example, many people overestimate their own risk tolerance. They invest in volatile stocks with the hope of quick gains but start to worry once the stock starts to drop. After a few bad days, the person sells the stock for less than they bought it for, which results in a net loss.
When it comes to investing, especially retirement investing, the long-term is your friend. A few days or even months in a bad market usually means a relatively minor change in stock value over time. Time and time again, the stock market tends to correct itself and rewards those who waited it out. Of course, waiting is easier said than done when your retirement savings are on the line. That’s why Potter Financial couples financial advisory with account management. We can assist in managing risks from investing so that you can work towards consistent returns on your long-term investing.
For those interested in instant diversification, consider mutual funds. These portfolios are actively managed and pretty diverse, which provides comfortable market exposure and in many cases a higher chance of return. For added peace of mind, our account managers will keep watch over the funds in your portfolio.
Choosing the Right Retirement Account
Before we start investing in funds and stocks, we’ve got to figure out where the securities are going. At Potter Financial, we offer both types of IRAs: Roth and Traditional. Additionally, we can manage your 401Ks, even those of the rollover or backdoor variety. Other accounts that we oversee on a regular basis include Simple IRAs and SEP IRAs.
The decision regarding which retirement account to select requires a bit of tax planning. For example, your tax bracket can point towards one IRA being better than the other. Also, employer contributions can make a difference when it comes to which account you’re eligible for. Talk to the pros at Potter Financial if you want to know which retirement account is best for you. Together, we’ll find a comprehensive that’ll give you much peace of mind.
Potter Financial is here to help you with retirement planning, account management, or both. Let us know what you need assistance with, and we’ll let you know how we can help. We offer free initial consultations to all interested in maximizing their retirement savings. We serve clients with both low and high net worth, which testifies to our ability to develop personalized solutions for each individual. If you want to learn more about our retirement planning, click here. Call Potter Financial at (713) 972-1316 or contact us online to get started and avoid searching for West Houston Retirement Planner Near Me any longer.
Houston TX Fun Facts
- Houston residents are notorious for how often they eat out.
- The city of Houston is home to the world’s largest medical institution.
- Nearly 100 languages are spoken in the city.
- Click here to learn more.