How Much Should a Financial Planner Cost?

The bottom line up front: Now, with myFinancialAnswers, it’s possible to get a continuously updated comprehensive financial plan for $99 per year. Click here to learn more. “Not everything that counts can be counted; and not everything that can be counted counts.” –Albert Einstein “Spending can be investing – if you spend on the right […]

The Four Questions You Should Ask BEFORE Hiring a Financial Planner

“It is not the answer that enlightens but the question.” –Eugene Ionesco Let’s face it. I’m a Certified Financial Planner. I’m trying to convince you that, even if you think that you can do it yourself, it’s not worth the time, effort, energy, and risk to try to find all of the various bits and […]

Does Your Financial Planner Really Need to be Local?

“They usually have two tellers in my local bank, except when it’s very busy, when they have one.” –Rita Rudner I recently attended a seminar about the state of the Fort Worth and Dallas housing market, put on by the real estate editor of the Dallas Morning News. He was talking about how demographic trends […]

I’ll Get a Financial Planner When I Have Money

“If something’s hard to do, then what’s the point?!” –Homer Simpson I try to make my fair share of networking events so that I can foster my weak connections. Most of the people I wind up meeting are mid-level executives, HR directors, project managers, account managers, and the like. I’m usually the oddball in the […]

Why Does Financial Planning Affect Your Net Worth?

“If you don’t know where you are going, you’ll end up someplace else.” –Yogi Berra Hey! Psst! Could you use an extra $185,750*? *It’s an average. No guarantees. YMMV. We all could, right? Want to know how? Read on. $307,750: Median wealth of investors who did financial planning, vs. $122,000 for nonplanners. #MONEYnumber — Money […]

Are There Cases Where It’s Appropriate to Have Someone Else Manage Your Money?

Cliff’s Notes Version: Yes. But not as many as the financial planning industry wants you to think. I’ve made no bones about the fact that I’m no fan of the assets under management fee based structure. I recently received a phone call from an assets under management firm owner who, once he calmed down after […]