The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Need advice for Retiring Parents in Western NY||Date: 12/12/1999 4:07 PM|
|Author: Melman||Number: 16178 of 83150|
My parents are entering retirement, and I'm trying to get them to develop a financial plan. For years, I've offered to pay for time with a good fee-based planner if they can find one, and advised them to attend all the free seminars they can find (but to be wary of advice from brokers and advisors who work on commission).
They need someone who can help them plan their IRA and 401k withdrawals, develop their estate plan, etc. I'm pretty sure I could provide this advice for them, but like a lot of parents they're reluctant to open the books to their kids.
They don't (yet) have a computer, and even if they did I'm not sure they could find the information they need.
They tell me that they recently attended a free seminar and had a free analysis from a "nice young man who wants to make their money work hard for them". This turned out to be a full-service broker, and I think I have convinced them that this is a Bad Thing, but I'm not really sure they see the light.
Other than continue to be a pest, what should I do?
(Any pointers to a competent, unbiased fee-based retirement planner in the Buffalo area would really be apprecicated.)
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|