Joseph Abbondante Explains the Benefits of Consulting a Retirement Planning Professional
By: Joseph Abbondante
Tags: Saving, Retirement Planning, Strategy, New Jersey, Consulting

Planning out your retirement requires the focused and deliberate consideration of a variety of factors, followed by the subsequent implementation of a plan that will turn them into an achievable reality. This process can be stressful, and by no means does one have to attempt to undertake retirement planning all by themselves.

Joseph Abbondante, the owner of Toscana Consulting Services LLC in Morganville, New Jersey, outlines the services a retirement planning professional can perform for you, as well as the subsequent benefits that come with their counsel.

Joseph Abbondante notes that all the information here is purely for educational purposes and recommends contacting a licensed professional to get advice.

What a Retirement Planning Professional Can Do for You

When you hire a retirement planning professional, they will immediately get to work formulating a plan for you; the first step in this process is identifying your personal retirement goals, cross-referenced with any existing retirement plans or ideas you might have. Ultimately, your retirement planning professional will be able to immediately identify any potential areas in your goals that may need alterations, starting you along the path towards having a more realistic, secure, and attainable retirement.

While retirement planning professionals are knowledgeable experts, there is plenty of room for personal choice within their suggestions, says Joseph Abbondante. Everyone needs to have the right retirement plan for them, and a retirement planning professional can help you identify what this plan is, whether it is more conservative or oriented towards maximizing returns.

The Benefits

First and foremost, a retirement planning professional will give you access to their knowledge and expertise, and this information can be key to making informed retirement decisions. When you ask questions about concepts you don’t understand and learn the answers and expand your knowledge, this will also put your mind at ease throughout the retirement planning process.

Second, a retirement planning professional can be invaluable as both a second opinion as well as a more objectively positioned voice that is receptive to your needs while also prepared to make recommendations for changes as necessary. Joseph Abbondante says that when two minds are working together on a task such as retirement, the results will always be better than either individual on their own, thanks to their collective pool of knowledge, wisdom, and ideas, as well as their distinct viewpoints and personalities.

Third, it is easy to forget that in addition to the more professional side of the help that a retirement planning professional can provide, it is also important to receive a sufficient amount of personal support during what can be a stressful process. With the instinctual values of courtesy, understanding, and positivity, a retirement planning professional is happy to be a pillar of support so that you can feel more confident about your future.

Finally, a retirement planning professional can help their clients with legacy planning to ensure that their assets are distributed how they wish. Legacy planning is done to ensure that your assets are distributed to family, friends, and charities how you wish and are not mismanaged after your death. When you are the owner of a business, legacy planning is even more important.

Joseph Abbondante’s Final Thoughts

Finally, a retirement planning professional is always up to date with the current conditions of anything that might affect your retirement, such as changes to the market, tax laws or policies for your plan. This means that your retirement plan will be just as current, making full use of the latest options at your disposal. If you are looking for advice on retirement planning, Joseph Abbondante stresses the importance of contacting a professional advisor.