Information on Business:
The Basics:
Most people that have reached retirement age did not think much about retirement in their younger years. Your service will greatly help them when the reality hits them. Social security can only go so far now a days and it is likely that in the future additional means of retirement income sources will be essential. It is your expertise in retirement planning that will set you apart from the thousands of financial planners out there. Your ability to market yourself as a highly customized service that adjust to every individual will be a key to continued success.
To Get Started:
You will need to get experience in the field before embarking on your own so you can understand the nuances of the business and avoid costly mistakes. This experience can be obtained by working with other established businesses until you get certified and confident that you know the business. Start by advertising in local news publications, also join community associations and network with groups both online and offline that have an interest in future planning. You should obtain basic home office equipment since you will be traveling to your clients homes to help them plan and budget for their futures. You should be able to charge $200 to $1,200 per client depending on how complex their situation is. Make sure that you make your visits interesting since talking about retirement can be scary or boring for most people. You should always keep up to date with the lastest trends and services to be able to serve you clients in th best way possible. Client referrals will most likely be your main source of new deals.
Tips:
Thsi business is an opportunity for people with disabilities, since you will be doing most of your work alone you should not require a staff in your business. Be careful with the time spent per client and also on time and money spent on continuing education since either one can get out of hand and spend your profits away. You can run this business from home, even thogh you will be traveling to your client's homes. For additional information related to this business do a search for Certified Retirement Financial Advisor, retirement planner, and retirement planner.org
Definition:
A person that helps individuals plan for their long term financial future by offering them service, products, strategies and advice for their retirement years.
Revenue Range:
$30,000 to $50,000 per year
Education and Training Required:
Experience and extensive knowledge in financial planning. Superior people skills. Being a Certified Retirement Financial Advisor is not required but highly recommended. Superior understanding of the products and services that you will offer.
Equipment Required:
Office supplies, materials and stationery, computer, printer, computer equipment and telephone/fax/copier, postage supplies and materials.
