Quote:
Originally Posted by retiredguy123
While it may be a good idea to hire a "financial advisor" if you need assistance with your money, not all of them are the same. If you hire a financial advisor, you should get a signed statement from him/her that they are acting as a "fiduciary" for you. You should also ask the advisor how they make money, by commission or by charging you a fee for their time.
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No disagreement! Independent CFP is the way to go. But when some one asks what do I do with a 401K? that person appears to not be knowledgeable enough such that a financial planner is necessary versus getting overwhelmed with 50 TOTV posts about what each poster has done without any information about how big, and total assets, taxable and non taxable, trusts, properties in other states, etc.
sportsguy