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Speaking to a financial advisor can provide invaluable guidance in navigating this critical transition.
Here are specific reasons why boomersshould consult with a financial advisor before retiring.
However, the simplicity of this rule belies the complexities of individual financial situations.
Relying entirely on Social Security can leave Boomers vulnerable toshortfalls and lifestyle reductions.
Boomers often need to shift from growth-focused investments to more conservative, income-generating assets, he said.
A financial advisor can help identify appropriate investment vehicles and reallocate assets accordingly.
Without this clarity, these retirees can never have the confidence they need to enjoy a worry-free retirement.
This is where a financial advisor who specializes in retirement income planning can help.
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