Working with Financial Planners
IN THIS CHAPTER
Checking out your choices for managing your finances
Determining whether you need help from a financial planner
Searching for a stellar financial advisor
Interviewing financial planners before you hire them
Hiring a competent and ethical financial planner or advisor to help you make and implement financial decisions can be money well spent. But if you pick a poor advisor or someone who really isn’t a financial planner but rather a salesperson in disguise, your financial situation can get worse instead of better. So before I talk about the different types of help for hire, I discuss the options you have for directing the management of your personal finances.
Surveying Your Financial Management Options
Everyone has three basic choices for managing money: You can do nothing, you can do it yourself, or you can hire someone to help you. This section lays out these three options in more detail.
The do-nothing (or do-little) approach has a large following (and you thought you were alone!). People who fall into ...