What can CPA financial planners do for people who are retiring?

Featuring Lori Luck, CPA/PFS

Video transcript:

Lori Luck, CPA/PFS
President/Shareholder, CLS Financial Advisors

Baby Boomers are all retiring right now or starting to retire, and so there is this huge transfer from the workforce to people who are retired. And a lot of people have not planned ahead of time, and they are worried about what to do.

And so we help them organize the issues and prioritize and help them figure out how much they still need to save before they retire and how much they can spend when they retire.

It’s important for CPAs to start helping clients now with their retirement planning because it’s just never too soon. And they — often CPAs are the first ones they can see because they are the trusted adviser that their clients have. And their clients have been coming to them with their business needs they have been coming to them with questions about their income taxes, and the CPA is the one who knows about all the different investments that they have. So they are the logical source to help them.

It’s really, really enjoyable to be able to know that you can help people when they are either near retirement or they are retiring or have retired, because you get to learn about the client.  Every client is unique, and so you get to learn about their life story, you get to learn about how to help them break it into pieces so that they don’t have to be afraid of retiring.

And it’s just really rewarding watching them take those steps and meet their goals and follow their dreams.

For more information on personal financial planning, visit aicpa.org/pfp

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