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  1. #1
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    Financial Planner

    My wife and I are considering seeing a financial planner. I have kind of talked about this before on this site but now are actually wanting recommendations for an actual planner to visit. I am going to do some of my own research on this but wanted to see how some of my fellow fanatics have faired with their own planners.

    What questions do I ask? What are average rates I should expect to pay? As of now I am looking for a 'one time thing.' Should it be something we meet with him/her quarterly or annually? We are currently focused on paying off all debt, including our house within 6.5 years. I know we also need to work on wealth building in that time.

    Any advice would be great and I thank you all for your assistance.



  2. #2
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    Re: Financial Planner

    Primerica



  3. #3
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    Re: Financial Planner

    Waddell and Reed.

    Top 5 every year. They are excellent.

    Ask for Jim Crawful.


    Carrying the banner for ISU.


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    Re: Financial Planner

    Quote Originally Posted by alarson83 View Post
    Primerica
    I have a friend who works there. Wow, it is scary that they get anyone conned into that company.

    Of course their selling point of we are a Citi company does not hold much weight anymore.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  5. #5
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    Re: Financial Planner

    Primerica is not your normal mom and pop store.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

  6. #6
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    Re: Financial Planner

    I heard AIG Retirement is money.



  7. #7
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    Re: Financial Planner

    Quote Originally Posted by ISUonthemove View Post
    I heard AIG Retirement is money.

    It is fine, the problem is only one division.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: Financial Planner

    Quote Originally Posted by twojman View Post
    My wife and I are considering seeing a financial planner. I have kind of talked about this before on this site but now are actually wanting recommendations for an actual planner to visit. I am going to do some of my own research on this but wanted to see how some of my fellow fanatics have faired with their own planners.

    What questions do I ask? What are average rates I should expect to pay? As of now I am looking for a 'one time thing.' Should it be something we meet with him/her quarterly or annually? We are currently focused on paying off all debt, including our house within 6.5 years. I know we also need to work on wealth building in that time.

    Any advice would be great and I thank you all for your assistance.
    couple of things:
    1-Certified Finanical Planner-or the CFP designation are important if you want a planner not just a sales guy. Not saying that other wo designation aren't skilled but I would strongly encourage this. Google CFP Board and you can find folks in your area.
    2-Independant-specifically not married to a company that has product i.e. propriatary type products.


    As far as depth goes though, the combination of White, Woodbury, Olaseni, Basabe, and Uthoff is much better than Niang, Ejim, Edozie, Gibson. Not because of the top 2, but because of the next 2 or 3. -DeanVogs

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    Re: Financial Planner

    Quote Originally Posted by brianhos View Post
    I have a friend who works there. Wow, it is scary that they get anyone conned into that company.

    Of course their selling point of we are a Citi company does not hold much weight anymore.
    What is so bad with them? I've read all about the horrors of working for them......but what about their products? We have a guy from church really trying to get us to use them. Like I said, I can find volumes of info on working for them, but very little on using them.


    Quote Originally Posted by JonDMiller View Post

    Dosry, You know what? I think I'll agree with you :)

    Quote Originally Posted by bos
    You sir are a legend.

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    Re: Financial Planner

    Just be carefull. Most didnt see this mess coming. There are some out there giving bad advice also.


    The gap in our economy is between what we have and what we think we ought to have--and that is a moral problem, not an economic one. - Paul Heyne

  11. #11
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    Re: Financial Planner

    Quote Originally Posted by dosry5 View Post
    What is so bad with them? I've read all about the horrors of working for them......but what about their products? We have a guy from church really trying to get us to use them. Like I said, I can find volumes of info on working for them, but very little on using them.
    I own their term life insurance and my parents have a consolidation loan with them. From a product stand point they are very good IMO. They sell a 35 year level term policy that is better coverage and less expensive than most 30 year products I researched. The loan my parents received has put them in much better situation and they will be out of debt in a couple of years. Now working with them is a different story. I have a couple of friends that tired it and they weren't there for more than 2 months.


    Last edited by Covenant Clone; 03-18-2009 at 11:47 AM.

  12. #12
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    Re: Financial Planner

    Financial Planning is not worth the money. Once you have money to invest, find a good Advisor (fee-based, not commission) - they should provide financial planning as part of their service.



  13. #13
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    Re: Financial Planner

    Quote Originally Posted by twojman View Post
    We are currently focused on paying off all debt, including our house within 6.5 years. I know we also need to work on wealth building in that time.

    Any advice would be great and I thank you all for your assistance.
    From your goals it sounds like you would find Dave Ramsey's advice helpful. He has a list of financial advisors that he endorses on his website, try one of them.

    ELP lead form text



  14. #14
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    Re: Financial Planner

    Financial panther, eh?



    It's Bushbama!

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    Quote Originally Posted by joefrog
    I will admit, I am to blame in sometimes making mountains out of molehills.

  15. #15
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    Re: Financial Planner

    Quote Originally Posted by dosry5 View Post
    What is so bad with them? I've read all about the horrors of working for them......but what about their products? We have a guy from church really trying to get us to use them. Like I said, I can find volumes of info on working for them, but very little on using them.

    Stay away from them. The only ones that make money is the sales people. They were trying to tell me they could guarantee me 10% return FDIC insured. I laughed and walked away right there. Of course this was a friend, so it was a lot more colorful exchange.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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