Becoming a Certified Retirement Planner is one of the most popular, successful, and easy ways to become a certified financial planner. The only way to prevent a catastrophic failure in retirement planning is for all plan participants, experts, and regulatory agencies to move from ownership value to revenue-based performance metrics and the mindset to manage risk – certified retirement planner!
For instance, if you are a financial advisor you would want your clients to become more financially stable and secure by making wise investments and saving. While I’m not talking about trading stocks or bonds – I’m talking about having them be less risk averse so they can invest in more diversified markets and portfolios.
Let’s say that your financial advisor tells you to invest $100K per year in bonds. You might decide that this sounds like a good idea, even though you’re probably not sure what bonds are good for you. You also may be hesitant to invest in real estate because it’s so risky, and perhaps you’re scared off by the thought of getting burned.
If you decide to stick with bonds, then make sure that you follow a good money management plan. This involves setting aside a portion of your investments each month that you plan on turning around and making some profit on, and if you don’t make a profit then you have to start all over again.
With a good money management plan, you’ll be able to increase the size of your portfolio and therefore increase your monthly returns. As a certified financial planner, you need to know how to analyze risk, and your clients need to understand how to manage their own risks and minimize their financial exposure.
Certified retirement planners are typically very knowledgeable and very experienced with financial markets. They also possess many years of experience under their belt as financial planners, which puts them in a unique position to really understand how the market works. In addition to being a good investment advisor, they also have a vested interest in helping you succeed as you transition into retirement.
If you are working for a company that pays you a commission, ask them if they are a member of an association such as the American Association of Certified Public Accountants (AACPA). These associations provide a good foundation of credibility for the financial planners that you hire.
There are also several associations that certify qualified financial planners. For example, The International Institute for Certified Public Accountants (ICPA) and The Association of Certified Public Accountants (ACPA) are two of the largest and most well known professional organizations.
As I mentioned above, becoming a certified retirement planner isn’t easy. If you find yourself in an uncomfortable financial situation and can’t seem to figure out why things are going wrong, then it’s time to contact a certified financial planner.