Retirees seeking professional financial guidance have several fiduciary options, with Retirable and Facet earning perfect 5.0 ratings from The Wall Street Journal's Buy Side analysis. These firms specialize in helping retirees manage retirement income, minimize taxes, and create comprehensive estate plans. The analysis evaluated major registered investment advisor firms based on their ability to meet retirees' unique financial needs.

Retirable stands out for its innovative approach to retirement income management, offering a dedicated advisor who creates customized spending plans and provides a debit card for easy access to funds. The firm charges a 1% AUM fee capped at $10,000 annually, plus a $500 flat fee for planning-only services. Facet takes a different approach with flat-fee pricing ranging from $2,600 to $8,700 annually, making it attractive for retirees with substantial assets who want comprehensive services including tax preparation and estate document assistance.

Other notable firms include Creative Planning, which requires a $500,000 minimum for comprehensive financial planning with tiered fees from 0.25% to 1.20% AUM, and Mercer Advisors with tiered fees from 0.50% to 1.30% AUM. Aspiriant serves high-net-worth clients with fees ranging from 0.2% to 0.85% and a $14,000 minimum annual fee. These firms represent the growing trend of specialized retirement advisory services designed to help retirees navigate complex financial decisions while ensuring their savings last throughout retirement.