Ask if the advisor has done course work or continuing education in gerontology or financial planning for the retired. Check credentials. A law degree, a masters in business administration or a certified public account designations useful, says , a tax attorney whose Elder Law Center is a financial - planning and law firm in Chicago that caters to elderly investors.
"I would be leery of planners who are camouflaged stockbrokers or insurance agents," Mr. says. "In reality, they are in it the sale of financial products rather than addressing the needs of a client."