You do not want the same person to be your Retirement Coach and Financial Planner
The objectives, the incentives, the expertise, and the relationship with clients for retirement coaches and financial planners are far too different and frequently contradictory, to be provided by just one person. Bottom line: You will want to know the many huge differences between a retirement coach and financial adviser. Engage a coach for one thing, and a financial adviser for something else. But do not engage the same person to do both.
Retirement Coaches Focus on You!
Retirement coaches hove only one goal. For you to grow and improve as a person. To reveal you to you so you achieve the ultimate in Self Awareness. They concentrate on assisting you to discover and define your most important aspects of life. Coaches only focus on assisting you to discover, design and obtain your ideal retirement life and/or career.
You are the absolute Center of Attention in your relationship with Retirement Coaches. Your coach is not your superior or provide any expertise. Coaches ask you questions to get you to open up and reveal things you have never revealed to anyone in the world; including yourself. By doing so, Coaches uncover the real you so you attain clear Self Awareness, which some people call the “Greatest Mystery in the World being Yourself.” Then you discover and actually know your hidden inner passions, priorities, talents and values.
You become the “World’s Leading Expert on You.” So you can now easily discover, design and transition into your ideal retirement life and/or career. To take charge of your life and organize your retirement life the way only You want it.
The only agenda that matters to your Retirement Coach, is YOUR agenda. Retirement coaching is very practical and effective. Coaches do not advise, do not sell, do not perform any service actions, and do not make any other income off you, their client.
Financial Advisers Focus on Your Financial State.
Financial Planners provide superior expert advice to you on how to manage and/or increase your financial wealth and conditions. Sometimes they provide this advice for free. But, they also sell many different financial packages that are supposed to improve your financial wealth.
Financial advisers receive commissions and such from the sale of these financial packages, or from the advice they provide or from the income gained by your assets. They are attached to your financial wealth and most often to the increases in value of your wealth they bring to the table. So you can fund your most desirable retirements.
Financial planners Do advise, Do sell, Do perform various service actions, and Do make other income off their clients. That is OK. That is what they are trained and expected to do.
When used right, financial planners can help you manage, protect and grow your monetary wealth in many ways. The specialized world of money, investments, capital, taxation and such is overwhelming. The stakes are very high for anyone with wealth.
Hiring A Retirement Coach Before Hiring A Financial Planner Produces Better Results
Defining your ideal retirement life in detail with your retirement coach clarifies your objectives. The key is to know the assets you have and to be very clear about your real retirement goals. Then you can find, and evaluate financial planners who will best advance your wealth to meet your personal retirement objectives.
For example, during coaching, you may discover a special passion to travel to the great wine regions of the world and personally taste and enjoy the wines on site. And then you and your financial planner can focus on generating enough available wealth to finance your passions to visit the wine centers of the world.
Having a retirement coach and a financial planner virtually guarantees you will create your best retirement.
You will have discovered yourself. To develop clear knowledge of what you want, don’t want’ and your talents. Thus making it very easy to define your retirement goals on your terms. You will create definitive retirement goal conditions that allow you to fulfill your passions and priorities, follow your beliefs and values, maximize your talents and avoid as many of your self imposed obstacles as you can.
Now you can easily explain your goals and conditions to the financial planner. So you and your planner can develop the best financial structure to virtually guarantee that you will achieve your retirement conditions. Of course within your specific financial position. Which you might might want to improve though earning more income.
Enjoy your newly created ideal retirement on your terms.
Blog Author
Brought to you by Bill Dueease Founder/President of The Coach Connection who struggled through 27 coaches in 6 months to find the good career coach who was right for him. And find him he did. Bill is not a coach, but a thrilled coachee. Through the remarkable career coaching self-awareness process, he discovered his passion and talents were to create and operate his own business so that others would be able to find and select their ideal life coach with only one call and avoid all the pitfalls he encountered. He started TCC in 2001 to fulfill all his goals and personal requirements and never looked back. He shares his full story in his online book entitled “Go To Play Every Day and call it work” which he has been enjoying since 2001.