Millions of Baby Boomers will be retiring in the next few years, and many of them will be in need of retirement advice. Who better to advise them than someone who has already experienced the problems and opportunities of managing retirement finances? It's also a job that lends itself to part-time work on a schedule that you can control.
Retirement requires lots of critical investment decisions to be made, decisions that most people have never had to deal with before:
- Should you roll over your 401k into an IRA when you retire?
- If you roll funds into an IRA, where should you put it, and how should you invest it?
- What is the best way to pull money out of your retirement account without running out of funds too early?
- When, if ever, does an annuity make sense?
- What about taking a reverse mortgage to generate extra funds? Is that the right move to make?
Retirees face dozens of options for holding and investing retirement money, and managing financial decisions. Because so much money is at stake, this is a place where fraud and misinformation is rampant. There is likely to be a surge in the demand for non-biased, fee-only, advice.
This is a job that requires training, which could either be from your current experience or by taking classes and doing research.