Working with a financial planner, but aren’t satisfied? Thinking about finding one?
Financial planners can offer valuable assistance to baby boomer consumers, especially in planning for retirement.
Freemoneyfinance.com offers this list of seven errors consumers make when choosing a financial planner:
1. Interviewing only one candidate.
2. Failing to gather background or reference information.
3. Focusing the search on cost or payment style.
4. Expecting credentials to make a financial planner “good.”
5. Viewing results based entirely on returns.
6. Letting the adviser control everything.
7. Hiring friends or relatives.
You’ll be more likely to have success if you get suggestions from friends and relatives, meet with several candidates, and ask for references. Be sure to call the references and ask questions about the financial planners’ work, training, and years of experience.
For more information, see the article “Seven Mistakes in Hiring a Financial Planner.”
Thanks to the Boomer Chronicles for the link to this article.
A financial planner can be a great advisor for you to work towards your financial goals. A good financial planner can help you with different parts of your financial plan to work together. Great Writing!
Hi Thomas,
I agree. I’ve worked with financial planners for years which is helping me with retirement planning.
Rita