subject: When To Begin Working With A Fee Only Financial Planner [print this page] A fee only financial planner provides advice and guidance to help individuals and couples to achieve the freedom they want with their finances. Although many think of hiring these professionals as a way to manage their bottom line and their retirement goals, there is much more to the process. With their expertise, you can achieve all goals you have including having the funds to buy the home you want or to start a business you have dreamt of starting. These professionals work with you, on your behalf and through you to achieve the goals that you set up.
Selecting the Right Professional
The first step is to select a fee only financial planner. These professionals work with you directly and receive payment just from you and the services you purchase. In short, they do not receive any type of commission from insurance companies, stockbrokers, or mutual funds by selling those products. Most charge a percentage to the client based on what they have helped you to earn. This makes it both affordable and safe to work with these professionals.
When Should You Hire One?
Hiring this type of professional is well-worth it at any time. What many people do not realize is that by planning for retirement or finances at a young age, the process are far easier in the long-term. There is more time for your investment to grow. This means you need to start with far less to achieve the goals you create. As a result, anyone who is working and earning money should be working with a professional like this. He or she can help you to get your finances in order to start and then help you to work on building a portfolio that allows you to have the dreams you have come to life.
Why Not Do It Yourself?
Some people do invest in their retirement on their own. They set up a 401k or other type of retirement account with their employer. They may make some decisions about where to invest those funds. However, that is usually all they do. With the aid of this type of advisor, you will have someone working for you every day to achieve your goals. Their training and expertise is in this area. Unless you have that type of expertise, training and history of success, look for an advisor who does. It is well worth the investment.
A fee only financial planner is the type of professional you want to have on your side. This person has the sole goal of helping you to turn your investment into a profit. To do this, you do need to hire the right person for the job. Get to know who they are and what their experience is. You'll appreciate this investment.
by: Anders Abadie
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