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My wife and I visited a financial planner yesterday.   Thanks to the Fool’s guide on what to look for in a financial planner, we felt very well prepared going in.   The financial planner we met had been in the business for around 20+ years, was very down to earth and was very engaging.  Two of my main concerns were alleviated when she said that she is not tied down to any set of products and is a fee-only planner. We left feeling slightly guilty, not in a bad way though, but in a way that your mother might make you feel for not saving a portion of your allowance.   It was incredibly great watching my wife take an interest in money and planning, something she has shunned for so long.  With all that said, my wife and I really did enjoy sitting down with her for almost two hours.  We’re at a point in our lives where we’re starting to make some decent money, have a little bit of savings, and will have a good chunk of extra money leftover at the end of each month.    I suppose my question to all of you Fools out there is:   Do you use a financial planner, and if so, to what extent do you use the planner for?   Do you buy products he/she recommends and overall is the yearly expense worth it for you? Thanks for your help everyone!
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Apparently paragraphs do not translate well when copying and pasting into here.  I apologize for the lack of paragraphs. 

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An economics backgound.
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I have never used a financial planner myself.  I just take a hands-on approach to everything in my life.  But out of curiosity, how much does a planner charge per hour?

One of my friends paid a planner/broker tell him how to manage his retirement and non-retirement investments and even put the money in individual stocks for the non-retirement account.

He cancelled the service at the end of 2007, primarily because of the performance of the individual stocks.  The broker had him invested 15% in Bank of America.  Despite my occasional warning, my friend kept the money in BAC because it was a good bank and its stock value was already very depressed.

He has rode BAC down from $50 to the $3 it is now.  I guess there is no sense selling now.

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I responded to a related post on CAPS Is using a financial planner a good idea?

Figured we could link to the data there.

Best, vt

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Thanks vt, I'll check that out.

Imperial, I'm waiting until we get an engagement letter to see the breakdown, but I believe it comes out to be around $150 an hour for around 10 hours a year.  This might be a bit steep for us so we may decide to shop around a bit. 

This planner also said she's not a stockpicker so I believe she primarily recommends funds.  If I wanted to run ideas past her she would be more than happy to review them, but she won't pick out individual stocks for you. 

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