New Start

Over the past few months I haven’t posted as much as I would like but I promise my fans that my post will now come in greater frequency. This is 2015 and with the new year comes many resolutions. One of my own resolution is to get a good financial planner. Its always important to do as much research as possible before giving your business to any financial planner. There are planners that get paid based on the products they sell (in other words the amount of money they can make out of you) there are others who take your best interest first.¬†Follow the following advice:

  • Look for a financial adviser who is a certified financial planner (CFP). They’re licensed and regulated and above all they take mandatory classes on different facets of financial planning.
  • Consider the planner’s pay arrangement. A planner who earns money based on commission rather than a flat, hourly rate could have a motivation to steer you in a particular direction. Would you rather you rather give the money to someone who will give you unweight advice or a person that could mess with your future ability to provide for your family. ?
  • Read the code of ethics that your financial planner adheres to. Look for the word “fiduciary” and language that necessitates planners to look after your best interest.
  • Perform a background check on the CFP you choose

In order to find a CFP as well as get a background check please go to the following website:

http://www.cfp.net/utility/verify-an-individual-s-cfp-certification-and-background

 

 

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