Answering clients’ key retirement questions

Chad Fuson, CFP, is an investment adviser representative with LPL Financial and works as a financial advisor with RAI Advisors in Murfreesboro, Tennessee.

“My mission is to help clients make sense of their financial lives and move forward with confidence,” Mr. Fuson says. “I want to understand what they are trying to accomplish, what concerns they have, and what decisions need to be addressed. My role is then to help them think through options clearly.”

For clients approaching retirement, that often means addressing several important questions:

• Which retirement benefit options should I choose at work?
• How much do I need to retire?
• When should I begin claiming Social Security benefits?
• How can I transfer my company 401(k) to a tax advantaged account?
• How can I start building passive income for retirement?
• Do I need life insurance?

Mr. Fuson says many clients have spent decades working, saving, and making responsible financial decisions but remain unsure whether they have accumulated enough.

 “One of the most rewarding parts of my job is helping disciplined savers understand what they have accomplished,” he says. “Helping them gain clarity and develop a plan for pursuing their retirement goals is very fulfilling.”