Navigating through the retirement process is a burden in and of itself, especially if you choose to do it alone. Michael Morrow, an experienced financial planner, explains the benefits of hiring, as well as the qualities one should look for in a money manager.

1. T I P S F O R C H O O S I N G
A M O N E Y M A N A G E R
BY MICHAEL
MORROW

2. P L A N N I N G F O R
R E T I R E M E N T . . .
While it is no simple task, it is an inevitable part of every
worker's life.
Although many believe they can navigate through the
retirement process on their own, it is not the wisest decision,
as even those with the highest financial IQ can make
mistakes.
This is where hiring a money manager becomes exceedingly
helpful, as they can help you handle the pitfalls of securing
enough money to live comfortably during retirement.
Here are several tips you should keep in mind whilst searching
for a money manager:

3. 0 1 . T R A C K R E C O R D
A money manager’s track record may be the most important factor you
need to consider before you work with him or her.
In general, the Great Recession hurt just about everyone. However, some
money managers did better than others as a result of their managing skills.
You want to make sure that you select a money manager who successfully
navigated through the Great Recession.

4. 0 2 . C L E A R P R O C E S S
You should only work with a money manager who keeps things simple.
Some money managers use complexity and jargon to obfuscate
customers. However, if you don’t have a good grasp on what’s really going
on with your money, you might end up losing it.
Skilled money managers take the time to make sure you understand their
process, and they don’t keep anything hidden from you.

5. 0 3 . K N O W L E D G E A B L E
It’s important to select a money manager who specializes in retirement
savings.
The money manager should know which assets will benefit you the most
during your golden years. At the same time, the money manager should
help you avoid unnecessary risk, including sequence of return risk.

6. 0 4 . R E P U T A T I O N
Only work with a money manager who has a solid reputation.
Sometimes it’s possible to speak with previous or current customers to
learn more about a money manager. These testimonials can help you in
making a decision.
If you select a money manager who has a good reputation you will likely
not be disappointed with your financial future.

7. F O R M O R E
VISIT MICHAELMORROW.ORG