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when should one use a financial planner?

May 17th, 2008 at 05:23 pm

Link du Jour: Five Basics for Building a Solid Financial Fut...

I'm thinking of using a fee-only planner through the Garrett Planning Network, after my retirement assets reach a certain amount and some of my short-term financial goals have been achieved. When I poke about for insurance I never know what is the best, or what to look for, I know nothing of trusts or estate stuff, and my spouse has a sizable 401(k) plan I wish he'd roll over into a noncontributory IRA. I also have questions about using a 529 or a Coverdell, especially when there's a possibility we may relocate out of the country.

I thought maybe one had to have an estate or net worth of over $500,000 to use a financial planner. Is my thinking incorrect?

Posted in Uncategorized | 2 Comments »

2 Responses to “when should one use a financial planner?”

  1. dontbalanceyourcheckbook Says:
    May 17th, 2008 at 07:41 pm

    You seem to be interested in personal finance, so you may want to learn all you can on your own. When faced with the same dilemma, I decided to take the classes required to be a Certified Financial Planner (CFP). Remeber the old saying: "If you want something done right..."

    I still use an advisor, but now I am armed with knowledge.

    Good luck.

    http://www.bostonifi.com/bif/site/bufp/Index.aspx

  2. Carolina Bound Says:
    May 18th, 2008 at 05:22 am

    All I have to offer is that I had friends who hired a financial planner, and he didn't tell them anything I couldn't have myself.

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