7 Things to Look For in a Financial Planner for Today’s World

I’m not into the stuffy office with people in suits bustling around. Then to meet with a man with grey hair behind a huge desk and for him to look at me with that glance that says “what’re you doing here?”. He and I both know that I’m not rich, that I’m clueless and that I want to ask him a thousand questions. And that’s just in the first ten seconds. Just no thank you. I want to meet with someone that’s excited to help me. Who has energy and passion and is more interested in listening to what I need than to how much I’ll be paying him when this is all over. Someone who doesn’t care what I know or how much money is in my bank accounts.

When I’m looking for a financial planner, this is what I’m looking for…

1. What is their specialty?

Do they work with the specific issues that you need help with? Most planners specialize with certain types of clients. Like millennials, instead of rich people over 50.

2. What kind of planner are they?

There are tons of planners/advisors/wealth managers/etc. it’s confusing trying to figure it out, not to mention time consuming. And I never have free time anyway, especially to try to research and understand what they all do. I always look for a licensed CFP that is “fee only”. That means they do not get a percentage of your investments. And their primary goal will not be selling you insurance. Their primary goal is to create a roadmap for you and help keep you on track or adjust the roadmap as necessary.

3. Are you comfortable with them?

Find someone that you have a connection with and feel good about. You have to be able to be open and honest with this person so it’s imperative that you trust them. And walking into an office with an old man in a suit is the opposite of comfortable for me. I want someone young who can understand what I’m going through here and now. I want someone that’s down to earth, willing to teach me and not make me feel like an idiot.

4. Will they challenge you?

You need a coach. We all do. And when it comes to staying on track with our goals and values, we need someone there to provide accountability. We need someone checking in on us to make sure we’re still on track. It’s the only way. Find a planner who works with clients over at least a years’ time. You will meet with them periodically throughout the year and make sure you’re on track.

5. Do they have the heart of a teacher?

You will no doubt have a lot of questions for your financial planner. They will have complicated answers for you. Choose someone who can give you a simple answer and ensure that you understand what they’re saying. Financial jargon is boring and complex so it’s nice to have a planner that can break it down into English.

6. How do they charge?

The “fee only” planners are the ones that I would choose to use. They usually charge a flat fee and then a monthly fee or by the hour fee. Prices can range anywhere from $1,000-$5,000 for a comprehensive financial plan. And $150-$500 per hour after that. If you want to know how much someone charges, just ask!

7. What ongoing support do they provide?

Do they just print you out a plan and send you on your way? Do they offer tools so you can play with your numbers at home? Do they periodically check in with you to see how you’re doing? A planner should develop a long term relationship with you to ensure you stay on track with your plan.

The field of financial planner is overwhelming and so many people think it’s just for rich people. But the people who need it most are not the rich, they’re the middle class. Don’t be afraid to seek out a planner. The good ones are out there.

2 thoughts on “7 Things to Look For in a Financial Planner for Today’s World

  • October 31, 2017 at 10:52 pm
    Permalink

    Trying To Find The Best Diet Pill?

    Trying to find the best diet pill may seem like an impossible task, especially with the multitude of diet pills available for purchase. Many people purchase a diet pill only to find out that the pill makes them feel jittery, nervous, or often has no effect at all.

    Diet pills frequently contain the same or similar combination of ingredients and rarely contain anything new, innovative, or undiscovered to the supplement / weight loss industry. So, how can you find the best diet pill when most diet pills are made with similar ingredients?

    One of the most common problems associated with taking diet pills is that the person taking the diet pill is uneducated about the dosage, effects, and promises offered as they relate to each diet pill. The research at website finds that there are three factors that should be taken into consideration when deciding to take a diet pill.

    Dosage:
    It is important to take the pill exactly as recommended on the product label. Some people choose to increase the dosage thinking that the product will work faster or better. This is not the case, and many people become sick in response to the large dose. Reviewers at website often suggest that the recommended dosage be cut in half to give the body time to adjust to the stimulant in the diet pill. After the body has adjusted, it is fine to begin taking the regular dosage as recommended on the product label.

    Effects:
    The effects listed on the product label are there because these are the effects that the product has had on ‘some’ of the test group. Some of the diet pill testers may be fine taking the product, while others may have adverse effects. The diet pill companies print this information to educate the buyer as well as to protect themselves from lawsuits. The consumer needs to read the label and educate themselves before taking the product. Many people who are sensitive to caffeine are surprised when the diet pill makes them feel nervous or nauseous, but this information is likely printed on the product, so with a little research these affects can be avoided.

    Promises:
    If you read the fine print on product claims for diet pills and other weight loss supplements, you will see ‘results not typical’ printed very small somewhere where you are not expected to look. The diet pills advertised on television are responsible for some of the most outlandish claims. The results claimed in these advertisements are often unattainable within the given amount of time outlined in the ad. Don’t expect to see results in two weeks like a lot of ads claim.

    Wouldn’t it be great if you could read reviews for diet pills from actual users of each diet pill? Diet Pill Reviews website has taken the trouble out of searching for the best diet pill. You can read reviews of over 150 of the most popular diet pills available.

    Copyright 2006, Diet Pill Reviews viagra pas cher

Leave a Reply

Your email address will not be published.