Financial advising is different for everyone, but saving for retirement is a very different financial situation than drawing down on retirement funds already saved or budgeting social security payments. For those in their senior years who have transitioned from saving to budgeting their retirement dollars, it is a good idea to engage a Certified Senior Advisor (CSA).
Amy Pucci has been with Tull Financial Group for nine years and is certified by the Society of Certified Senior Advisors, an organization that educates and certifies professionals who work with seniors through educational programs and credentials. Older adults who engage a CSA can be confident that this person is knowledgeable in the issues facing older adults and that they adhere to the highest ethical standards. CSAs are required to agree to the CSA Code of Professional Responsibility as a component of their certification, and must pass an ethics course before receiving it. The CSA Code of Professional Responsibility requires CSAs to place the needs of older adults first and foremost.
Through continuing education and a strong professional network, CSAs continue to grow their knowledge and expertise. Certification and Education programs are developed through a rigorous practice analysis and research study involving hundreds of professionals who work with the older adults from the academic community, industry practitioners, regulators, business and non-governmental organizations, setting CSA credential holders apart from other practitioners working with older adults.
So, what does this mean in practice for a retirement financial advisor? For Amy it means discussing things that go beyond finances and budget. Emotional and physical issues are important too as is staying active and creating connections, involving family members in certain areas of planning and other activities that keep older adults secure and confident about their future.
With the advances in medicine and with healthier lifestyle choices, people are living longer than ever. So, even those who have reached retirement age may still have decades ahead of them to enjoy. Amy is ready to help older adults and seniors make sound decisions about everything from social security and Medicare to choosing the best retirement community for their budget and lifestyle. She drives home the importance of the family meeting and for seniors to bring in trusted family members, a power of attorney or close friend to be in the loop on what accounts exist, where assets are located and to ensure that no one is being taken advantage of through the rampant fraud that targets senior citizens these days.
She also stresses that it’s never too late to bring in a retirement financial advisor. Even if you have been retired or drawing on social security for years, a CSA can help you ensure your funds are being used appropriately so that you can continue to rely on them for many more years to come. Feeling confident about you and your family’s financial future can help you enjoy the moment and this “golden” time of life even more.
If you’re at or past retirement age and you’re ready to feel more confident about your finances, please give us a call at 757-436-1122 and set up a complimentary consultation with Amy to discuss your unique and specific needs.