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Diving Into the Deep End

August 18th, 2009 at 03:03 pm

No, not a dumpster! (not yet at least)



I went yesterday on the way to the bank to deposit my $14.71 and stopped in at a place I've been wanting to get to for some time.

In my town there is a lady financial planner (referred to her by my Dad's friendly banker friend). We had a nice visit and if she passes a few more of the Frugalis Frustration Level Tests (ha - I won't turn over my money for someone else to manage nor will I just follow all the advice just because someone tells me it's a good idea).

I mean...

...if I don't frustrate HER too much, we might just be hooking up to let her assist Hubster and I with so many of the issues we have right now with facing retirement, downsizing, making a large financial contribution to a charitable 'entity', a possible trust to insure one of my sons is always taken care of, etc., etc., etc. plus all those icky 'end of life' estate planning issues that will likely be soon forthcoming? I need help. I want to hear educated pro/con arguments based on OUR financial picture, not the universal 'average'.

So, looks like I may be diving into the deep end with the big boys.

So far: PRO-
1)She's appears to be - not a snob. Important to me.

2)Hourly fee based.

CON-
1)She ???might??? be really tuned into annuities and maybe even sells them, I'm not sure, but it'll be a hard sell if that's the case as I'm very leary of them.

Nothing is firm yet. Hubster has yet to meet her. He'll have to come away with the same positive feelings (his spidey sense) or it'll be a no go.

We live in a small town. There is another planner in town, but he's a he. heheehee! Anyway, since I'm projected to be the longer liver, I want to start and stay with some one for the long haul (fingers crossed) of my future financial lifetime. I'd rather go with a female who understands finances from a woman's security point of view.

Okay, folks that's all the news that's fit to print so far today.

No-spending has transpired today. Big Grin

I did come home yesterday and moved that $14.71 out to earn interest and just now updated the $20 Challenge log (a bit - I'm still not done) over to the left.

Thanks to all of you at Saving Advice dot com I was very comfortable in my discussion with her and she was impressed with my knowledge base. She doesn't know I have all of you smarties in my back pocket!!

Would you ever use a financial planner? When?

3 Responses to “Diving Into the Deep End”

  1. scfr Says:

    I don't think there's anything wrong with using one.

    Personally, I don't think I'd pay for one. I did have a free consultation with a CFP once, and it was good. (Also had a free consultation with a finacial adviser who was not a CFP, and it wasn't nearly as helpful.)

    But I will definitely pay to consult a lawyer for estate planning, and we have paid a CPA to consult on some matters for DH's business. When it comes to hiring a professional I want a knowledgeable one with a fair amount of experience who charges a reasonable rate. I'm definitely NOT looking for the cheapest person around (in fact the CPA we consulted was far from it) but I don't want to be helping pay the rent on a glitzy office in a downtown high-rise either.

  2. boomeyers Says:

    Great job! It is good to see you went in prepared for an educated evaluation!

  3. Teena in Toronto Says:

    Happy blogoversary!

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