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|Subject: Re: Talk me out of a Financial Advisor||Date: 6/4/2013 5:42 PM|
|Author: PolymerMom||Number: 72431 of 83178|
We use a fee-only planner for several reasons:
1) We started to use one when our parents became unable to manage their money. Both my father and his died before my Mother and his. In addition, MIL had Alzheimer's. I took one look at all the bonds they owned and quickly decided I was out of my depth.
2) MDH and I don't always see eye-to-eye on investing. A financial planner can be a good mediator. A couple of examples:
3) The financial planner can buy load-waived funds and has a bond broker that gives her access to bonds before they become available on major sites, like Fidelity.
4) She made us aware of the special rules for the trusts our two sons inherited from MDH's parents. We could have gotten into a real mess with the IRS if we'd been audited before we straightened that out.
Just offering some points to consider...
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