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Fisher Life Planning Review

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Fisher Life Planning

Fisher Life Planning is a division of Fisher Investments that serves older adults as they navigate particular considerations that come with aging. Though Fisher Life Planning does not offer financial, medical or legal advice, a staff of certified life planning counselors serve older adults with lifestyle and quality-of-life issues. If you're looking to find a financial advisor, SmartAsset's free tool can help match you with advisors that fit your needs in as little as 5 minutes.

Originally started in 2016 to help Fisher Investments private clients with their non-financial dilemmas, Fisher Life Planning began offering its services to the wider population as of September 2018. It charges a quarterly fee for unlimited access to its counselors and resources.

Fisher Life Planning Background

Fisher Investments has been serving private clients since 1995. In that time, it has fielded a lot of non-financial questions, including those about long-term care and ways to enjoy a fulfilling retirement. Seeing the need out there to cover these topics, founder Ken Fisher decided to create a separate service to provide related expert help and information to clients. 

As mentioned above, Fisher Life Planning services became available to the general public as of September 2018. Fisher Investments opened up its Fisher Life Planning component to all “because of the conflicts of interest, bias and predatory landscape we found in the aging industry,” said Sean Criss, vice president of life planning at Fisher Investments. Given that no government regulatory agency fully protects aging consumers in these matters, Fisher Life Planning wanted to reach a wider audience of people in need.

Helping clients access “support for planning, preparation for the unexpected and ongoing advocacy,” Criss said, has served as the cornerstone of providing these Fisher Life Planning services to those beyond the standard Fisher Investments clientele.   

What Types of Clients Does Fisher Life Planning Accept?

Anyone who can pay the quarterly fees can sign up. There is no minimum asset requirement for this service. If you are considering Fisher Life Planning for an elderly parent, however, you may want to choose carefully who signs the contract. Fisher Life Planning’s primary relationship is with the agreement signee, though counselors will participate in three-party discussions.

Fisher Life Planning Minimum Account Size

There is no minimum account size, as investors are not investing directly with Fisher Life Planning.

Services Offered by Fisher Life Planning

The idea behind Fisher Life Planning is to fill the holes when it comes to the non-financial and non-medical challenges of aging. It’s staffed by licensed professionals who specialize in such things as nursing home administration, social services and geriatric psychology. According to the company website, Fisher Life Planning has helped clients with such tasks as:

  • Searching for and identifying the right nursing home or other kind of living community
  • Organizing important paperwork so that it’s handy in an emergency
  • “Rightsizing” and cleaning out clients’ homes
  • Preparing for meetings with professionals like lawyers
  • Researching care options for an ailing relative
  • Adjusting to life after the death of a spouse
  • Selling (or donating) property such as a car that is no longer needed
  • Devising a plan for how to continue living at home
  • Having difficult conversations with relatives
  • Understanding end-of-life care options

Fisher Life Planning Mission

Fisher Life Planning seeks to guide people as they face the challenges of aging. Its goal is to empower clients to navigate their advanced years with the highest level of confidence and security that everything that needed to be taken care of has been.

According to its website, counselors do this by following these four tenets:

  • Help people live their best life.
  • Empower and enrich individuals to take action.
  • Provide unparalleled service.
  • Put clients first.

Fisher Life Planning Fees

Fees follow a quarterly schedule. For the first six quarters (total 1.5 years), the fee is $1,875 per quarter. After that, it is $500 per quarter. Clients can arrange for automatic payment from their checking accounts or can mail in a check every three months. Fisher Investments clients pay the same fees.

What to Watch Out For

This service is a non-financial division of Fisher Investments. It is separate, and you will likely not hear pitches about any Fisher Investments financial services. Financial clients must open accounts with generally at least $500,000 in investable assets. But if you have a high net worth and your assets are under the management of another firm that you are happy with, you may want to be clear from the beginning that you only want life-planning help from Fisher Life Planning.

Disclosures

Fisher Investments does not have any SEC-filed disclosures.

Opening an Account With Fisher Life Planning

If you have an account with Fisher Investments, speak to your financial advisor about signing up for its life planning program. If you’re not a financial client, call 800-350-8913, and ask for the life planning service. Or go to the website.

Where Is Fisher Life Planning Located?

Fisher Life Planning is located at the headquarters of Fisher Investments at 5525 NW Fisher Creek Drive, Building 1, Camas, Washington, 98607.

Tips for Meeting the Challenges of Aging 

  • The biggest challenge is making sure you don’t outlive your money. A financial advisor can help with this predicament. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • As you tackle the many qualitative aspects of your golden years and increase your preparedness to enjoy a well-earned retirement, it can also be useful to take a more granular quantitative glance at your budget for your retirement expenses. Use SmartAsset’s retirement calculator to plan accordingly based on where you live and how much you’ve socked away in savings.
  • Don’t forget about Social Security. Use this Social Security calculator to estimate what you can expect your Social Security checks to be in retirement. After all, this money will play a role in your overall retirement budget.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research