Many people could use help from a talented financial planner, but they don’t know where to begin when looking for one, says an attorney and certified financial planner in a recent article. An estimated 300,000 people in this country call themselves financial advisers, and there’s a wide variety of skill levels among them.
Almost all of us can agree that we receive a lot of free advice, to include in the financial and estate planning area. It can get complicated quickly, and some people do not know what to do. As a result, many do nothing, or they accumulate cash – which does not earn them anything. Others will start to think about planning when they are in their late 50s and early 60s, realizing that their work life is short. Panic can set in. However, a good financial planner can help clarify and prioritize your goals, and help you make the most of your money.
A recent USA TODAY article, titled “How to find the right financial adviser,” states that no matter where you stand financially, you can benefit from the advice and guidance of a qualified financial planner. The article advises that even for those with modest savings can see a significant change in their lives with a one- or two-hour session with a planner.
Many financial planners are members of professional organizations that certify them, such as the Certified Financial Planner Board, which is an independent professional regulatory organization. To earn this certification, a financial planner must meet all the requirements, including extensive study and a comprehensive test on the financial planning process, investment planning, income tax planning, retirement planning and employee benefits and estate planning. There are several other prominent financial planning designations, and you should work with your estate planning attorney, who either will have this type of certification or know of a qualified financial planner to help you design a plan to meet your objectives.
Reference: USA TODAY “How to find the right financial adviser” (July 9, 2014)
Suggested Key Words: Certified Financial Planner, investment planning, income tax planning, retirement planning, estate planning, Elder Law, Senior Citizens
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