Retirement Planning Advice for $99

When saving for retirement, every penny counts. If you don’t want to hire a financial advisor, there are other avenues to take. One such avenue to get advice from someone like Joseph Latour.

Latour, a financial advisor who lives in Atlanta, Georgia, offers $99 consultation service that can help you understand anything from the best plan of action for a 401k to how an annuity should be handled.

Said Latour: “Too many retirees are finding out too late, that because of poor planning or stock market down-turns coming at the wrong time, they cannot afford to retire, but many could have been able to do so if they had invested in a pension like product instead.”

Latour says he gets two questions the most: “Switching your 401k, 403b or other group retirement plan back into a pension type product that produces life time income for both spouses without losing control of your money is definitely the one issue that I get the most questions about.”

“The other really hot issue is to utilize stop loss protection on rollover IRA accounts. It still amazes me that most investors are not aware that they can limit the amount of money they can lose in individual securities using this very simple technique or that they may have the option to move money out of their 401k while still contributing using what’s called an in service rollover.”

If you like having your future in your own hands, this type of fee-based advice is usually the best way to go. Since the financial advisor is only getting a set fee, they have little reason to avoid giving you the 100% honest truth.

Financial Advisor (Image: Flickr)