UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Melman Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75830  
Subject: Need advice for Retiring Parents in Western NY Date: 12/12/1999 4:07 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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.)
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement