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URL:  http://boards.fool.com/murrays-we-use-a-fee-only-planner-for-several-30718690.aspx

Subject:  Re: Talk me out of a Financial Advisor Date:  6/4/2013  5:42 PM
Author:  PolymerMom Number:  72431 of 78165

MurrayS,

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:

a) We're both retired. I want to preserve capital/earn
dividends & interest. MDH is still wants to invest for growth
and beat the market.

b) As soon as the market drops even 5 percent, MDH wants to sell