Financial Planner

Someone who gives you financial advice and guidance to help you meet your long-term money goals. Financial planners may be certified or just have been at it a long time, but either way remember that you’re paying for their advice; it’s not free and unfortunately not always in your best interest. Typically, financial planners are specialized and knowledgeable in all of the different aspects of your financial life including taxes, estate planning and retirement. But at the end of the day, the most important thing is that you have a good rapport and they have your best interests in mind.A good financial planner should be knowledgeable in all of the different aspects of your financial life including taxes, estate planning, and retirement, but remember, they aren’t experts in those areas. Think of them as a manager of a band and you’re the rock star. They outsource to people who focus in those specific areas (e.g., accountant, investment manager), which means you have to pay them but also the specialists they might bring on. (See also: CPA, Wealth Management)

« Back to Glossary Index
2017-12-12T20:31:29+00:00

Leave A Comment