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Why I have a financial planner

This Year, Christine Benz, director of personal finance and retirement planning for Morningstar, reported that paying for financial planning services can be appropriate for some people, according to her column for The Associated Press.
They sought a second opinion on thorny issues like employer stock and long-term-care insurance to move forward more confidently, Benz said.
After an initial document blitz, the couple now maintain a compact set of financial documents, linked to the firm’s financial planning portal so planners in the firm can view finances and loved ones access a third-party record repository.
The planner's retirement projections and stress tests reduced Benz's anxiety about market downturns and tax changes, leading the couple to plan to maintain the ongoing planner relationship as they age.
They selected a financial planning firm offering hourly work for targeted questions, but Benz cautions that assets-under-management fee arrangements can mean more fees than you anticipated and views planners answering without full review as a red flag.

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Why I have a financial planner

CHRISTINE BENZ of Morningstar It might surprise people that my husband and I pay a financial planner, given that I spend a lot of time on financial, tax, and investment planning at work. However, hiring a planner has delivered a return that can’t be quantified: peace of mind. Related Articles Colorado leaders vow to keep pursuing AI regulations despite President Trump’s threats against states Tesla CEO Elon Musk re…

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