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What to Know Before Talking Retirement

Retirement Solutions thru CFS* LogoPlanning for retirement can feel overwhelming sometimes, but Wright-Patt Credit Union (WPCU) is here to help make life a little easier.  With help from one of the CFS* financial advisors, you can organize your finances and develop a plan for a successful retirement.

If you're thinking about meeting with a financial advisor for the first time, don't worry. Your financial advisor is there to listen to you and help you, not judge you for any past financial mistakes. The CFS financial advisors also offer a complimentary, no-obligation consultation so you can get to know them before moving forward. That being said, you still might be wondering what to expect when you meet for the first time.

Here are a few things you should know before meeting with a financial advisor.

Be ready to discuss your goals.

One of the first things you'll do in your initial meeting is talk about your short-term and long-term goals. The advisor may ask you questions like:

  • Where do you see yourself in five years? Ten years? Twenty years?
  • When do you want to retire?
  • What does your dream retirement look like?
  • Which goals are most important to you?
  • What financial worries do you have?

While not necessary, you may want to give some thought to these questions in advance of your initial meeting so you can clearly convey your goals to the financial advisor. 

Talk about your financial journey.

It's normal to feel nervous about discussing your finances with someone else. After all, your financial journey is personal, and talking about money can make anyone feel vulnerable. But when you meet with a financial advisor, there's no need to feel scared or ashamed. Financial advisors are there to offer support, advice and solutions in a judgment-free environment. The more open and honest you are about your financial situation, the more your advisor can help you. Before your meeting, ask the advisor if they would like you to bring any financial documents. This paperwork might include your monthly budget, your most recent paystub, your most recent tax return and statements from investment accounts such as your 401(k).

What's next?

Once your advisor has had the chance to get to know you, he or she may start creating a written outline of “next steps" they suggest you take. By the end of the meeting, you should have a better picture of your current financial situation, your short and long-term goals and what you need to do to reach them. But before the meeting is over, be sure you have asked the advisor plenty of questions. Find out what services they offer and how often they meet with clients. What is their preferred form of communication? What is their approach to investing? Ultimately, you want to find a financial advisor that makes you feel comfortable and confident.

Explore your retirement possibilities.

At WPCU, your retirement goals are our passion! The CFS* financial advisors and registered representatives on WPCU's Retirement Solutions Team, available through CFS,* are available by appointment to meet and uncover your needs and long-term goals, then build a financial plan that will help you to understand the best strategy for you, your family and your future.

Contact us today to learn more about retirement planning options and schedule a complimentary, no-obligation appointment.​

​​​​​​​​*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered brokerdealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Wright-Patt Cr​edit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Before deciding to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to; investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
CUSO Financial Services, L.P. (CFS) does not provide tax or legal advice. For such guidance, please consult your tax and/or legal advisor.
All information provided through this site is intended to be accurate. However, there may be inaccuracies at times, which will make all commercially reasonable efforts to correct when found. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.
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