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Finding a Financial Planner

Who is taking care of your nest egg?

Those ladies who liked my post on “F is For Fiduciary” might be interested in a couple of recent Marketplace stories on Finding a Financial Planner. In one, Chris Farrell first asks the important question of whether you actually need a financial planner. Again, this term gets mixed up with investment advisor all the time. If a financial planner is just going to tell you how you should cut back on your spending, I don’t think that’ s worth it. But, the second Marketplace story interviews several folks who have found tremendous value through working with a planner.

My opinion is that before you go see a planner, you should know where your money is and know how much you are going to set aside each month for investing. Then go see a professional who can advise you on how and where to invest it, if you don’t have time to research that stuff yourself.