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If you are going to be doing a lot of investing, fee only can definitely be better than commissions. Commissions look better because you aren't paying anything up front, but they take a percentage of everything. Retirement is a lot of investing and a lot of money, so that can equal a lot of commissions, versus a flat fee where you see exactly what you're paying up front.
What else can I help you with?
Where can one go to get a certified financial planning consultant?
Certified Financial Planning consultants are widely available at many brokerage firms and financial planning agencies such as Financial Planners Respond or Smart Money.
How do I choose a reputable financial adviser for personal finance issues?
The NAPFA is the nation's leading organization in finding the perfect fee-only comprehensive financial planner that will be perfect for you. Just go to http://www.napfa.org/
Where can one go to get professional financial planning advice?
Depending on the financial service, several options are available. HR Block offers many services for financial planning. Many cities also have local options.
Assembling a Winning Financial Team?
Often the type of financial advice you receive may depend on the type of financial professional you ask. I used to know a financial advisor who came from an insurance background. To her the answer to all the clients’ financial problems came down to the clients’ need to buy more insurance. Many who appear to be in the business of giving financial advice are really in the business of selling financial products and can easily suffer from the hammer-nail syndrome. When the only tool you have is a hammer everything begins to look like a nail. It’s easy to fall into a financial strategy that doesn’t quite fit your needs by asking a one-dimensional advisor for advice. This is not to say that advisors who skew towards one type of solution over another are not well meaning or that their strategies are always wrong. It’s just that there is no such thing as a one-size-fits-all financial strategy. To avoid being led down a path that may not be in your best interests it’s best to seek out a financial planner who takes a more comprehensive view of your financial situation and looks to implement a holistic strategy that encompasses all dimensions of financial planning. But when you need a specialist, there’s nothing wrong with seeking them out. My favorite way of approaching this conundrum is to find a trustworthy fee-only financial planner to analyze your overall financial situation and offer guidance free from the conflict of sales commissions or fees for assets under management. Then turn to the specialists to implement the plan the fee-only planner develops. Go to an insurance broker for risk management needs, a stockbroker for investment needs, an accountant for tax-specific strategies, and an attorney for estate planning. You can let your fee-only financial planner act as your quarterback in this game, calling the plays and coordinating your entire financial team.
Advantages of short term financial planning to a firm?
Short term financial planning helps a firm move forward in the long term. The more plans a business makes, the more they will be able to make adjustments when things go wrong.
Where can you find a retirement planning worksheet to help you make the best decisions for impending retirement?
You can find a retirement planning worksheet online, or you could go to a trusted financial establishment, such as your bank to obtain a retirement planning worksheet.
Why would I want to use a financial planner?
There are a lot of banks and financial planning personal places. You could go to us bank or citibank. That is what I would say to you for advice about subject.
How to Prepare for Financial Planning?
You might think financial planning in itself is the preparation needed to get your financial affairs in order, and in a way, it is, but you must often have the information necessary to make this process productive and constructive. The financial planning process might not be as easily as you make think though, and even with the assistance of a financial professional, it can take some work. There are however, things that you can do to prepare for financial planning that might make the process go a bit more smoothly.Create a Prep SheetGoing into the financial planning process with a cheat sheet of shorts might make things easier on all involved. Creating a comprehensive list of assets, liabilities, accounts, account names, amounts beneficiaries, and other pertinent financial information can help you become familiar with your finances before you ever begin the planning process. This can make the planning process easier if you choose to do it yourself or may help you in feeling more confident and comfortable if you decided to meet with a financial planner.List GoalsIt is often difficult to plan for your financial future without having an idea of where you want to go. By creating a prep sheet, you may be creating a snapshot of where your finances are now, but not necessarily how you want them to grow. But by building a list of short-term, mid-term and long-term goals, you can get a better idea of what you want from your finances and how you want them to grow and work for you. These goals can help you with planning for the future and assist in keeping you on track once you’ve worked through the planning process.Be RealisticIf you decide to utilize a finance professional in your planning process, you probably shouldn’t expect him to be able to sweep up all your past financial mistakes and whisk them under the carpet to be magically changed into successes. It is helpful in preparing for financial planning that you be realistic in your expectations. You may not retire with millions of dollars no matter how much you plan. Being realistic can help you with the creating of goals and to better understand and utilize the financial planning process.Disclaimer:This article is for informational purposes only. Any action taken by the reader due to the information provided in this article is at the reader’s discretion.
Where can someone find Certified Financial Planners?
There are many places online where one can go to find a certified financial planner. One specific place to find these would be on the cfp website. They specialize in certified financial planning (CFP).
After talking to family and friends who are some professional resources you can go to for financial advice?
Consider hiring a financial adviser for ongoing financial planning -- ask your friends for a recommendation or consult your local phone book. There are resources online to answer many one-time financial questions.
What is the fee for cashing a check?
Depends where you go. usually its about $3 but at the Money Box its Only $1
I am young 21 year old but I want to start planning early for my retirement. What are the best financial instutions that offer retirement planning services.?
Any major bank will offer various retirement planning services. You can go to any major bank and be able to start the retirement planning process.
