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IRA account in Overland Park

What To Discuss With Your Financial Advisor for Retirement Planning

Personal Banking / June 3, 2021

Whether you’re 30 years out or planning to retire in the next 10 years or less, retirement planning is important so you can maintain financial independence when you stop working. While it might feel like a long time until retirement, it’s never too early (or too late) to plan for your future. 

Questions to ask yourself

How many years do you have until retirement?

The number of years left before you retire can greatly affect the strategy you develop with your financial advisor. Be realistic with your target year for retirement so we can help you create the best plan for you.

What type of spending expectations and lifestyle will you have?

There are a lot of components to this question. Do you want to vacation and travel, get that car you’ve always wanted, spend freely on grandkids, etc? Ask yourself these important questions so we can accurately assess your retirement budget. 

What are your priorities for financial goals? 

Similar to the previous question, what types of big financial goals do you have for before and during retirement? It could be something like having your loans paid off, investing in a business, or anything else that will affect your finances. Figure out your goals and rank them from highest to lowest priority.

What retirement investments are you interested in?

All the previous questions and others from your financial advisor will affect the best retirement investment for you. Whether you’re self-employed, have a 401(K) or IRA account, or other type of retirement plan, you should discuss this with your financial advisor to maximize your benefits. 

After visiting with your financial planner, stop by Cornerstone Bank to set up your retirement IRA account in Overland Park.

Since 2001, we’ve been a primary resource for our community across the Kansas City area. We provide resources for personal banking and even small business banking, including small business trends in 2021. For banking inquiries or more information on opening an IRA account in Overland Park, contact us online, call us at 913-239-8100, or visit us at 9120 W. 135th Street,

Overland Park KS 66221. 

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