Do I Need a Financial Advisor in Retirement?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Do I Need a Financial Advisor in Retirement?

The answer is No, a retiree does not need a financial advisor in retirement.

Retirement Income

For retirement income, fixed-indexed annuities with Guaranteed Lifetime Withdrawal Benefits (GLWB) can be a strategic choice. GLWBs provide a steady income stream, similar to a pension, and automate the spending and budgeting aspect of retirement finances. This eliminates the need for a financial advisor to manage these aspects.

Related Reading: What Are the Reasons Some Financial Advisors Dislike Annuities?

How To Invest Without A Financial Advisor

Safe Investing

Fixed-indexed annuities also address safe investing concerns. They offer the potential for growth based on a stock index without directly exposing funds to market risk. This means retirees can invest with a reduced risk of losing their principal.

Long-Term Care Planning

Purchasing long-term care insurance independently can be a wise decision. This insurance covers expenses that Medicare and other health insurance may not, such as extended nursing home stays or in-home care, protecting the retiree’s assets from substantial long-term care costs.

Estate Planning

For estate planning, life insurance can be an effective tool. It provides financial security to a spouse or other beneficiaries after the retiree’s death. This can be managed without a financial advisor, particularly if the retiree’s estate planning needs are straightforward.

Savings on Fees

By managing these aspects independently, retirees can save significantly on the fees that would otherwise be paid to a financial advisor.

Do I Need A Financial Planner For Retirement


In summary, a retiree can independently manage retirement income, safe investing, long-term care, and estate planning without a financial advisor. Using tools like fixed indexed annuities, long-term care insurance, and life insurance, retirees can effectively navigate their financial landscape while saving on advisory fees. This approach provides a sense of control and self-reliance in managing retirement finances. Contact us today for a free quote.

Request A Quote

Get help or a quote from a licensed financial professional. This service is free of charge.

Contact Us

*Disclosure: Some of the links in this guide may be affiliate links. I may receive a commission at no cost if you purchase a policy. It helps us keep the lights on!

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top