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Getting Financial Help... Page 2
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- Make sure you understand how your financial plan
relates to your goals.
- Review your plan annually.
- Provide you with periodic reports of how well your
financial plan is doing.
- Set priorities.
- Conduct the time-consuming research required to implement your plan.
- Provide objectivity.
- Complete administrative tasks or financial
paperwork.
- Help you pick commission-free products.
- Help you avoid commission products (unless they're
a commission-based planner).
- Provide advice on budgeting, taxes, estate planning, insurance costs or other financial
issues.
- Provide advice on investments.
- Help you understand the risks associated with
investing. How to manage those risks.
Steer the Right Course
Although many individuals can benefit from the advice of a good financial planner, this
might not be the right course for everyone. A lot has to do your personality type. Maybe
your someone who employs a do-it-yourself type approach -- you really like doing your own
research and financial planning. In this case, you'll probably do fine without the help of
a financial planner.
Others simply lack the drive to implement a plan on their own. They need financial help.
Hiring a financial planner may be the best course of action.
Next: Types of Financial Planners
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