i need a financial planner.?

Question

See I am very bad at planning my little resources i have I have a small family of three One daughter and a spouse iam 39 yaers old
looking forward to good planner.

Answer 1

No, you do not need a financial planner. You could do it on your own.
I did it on my my own. why can't you?
The only thing is the right information.

Stock traders Almannac by Jeff HIRSCH
Unexpected Return
Financial Technical analysis by John Murphy
go to
http://www.bestcharts.com
http://www.incrediblecharts.com...
http://www.stockTA.com

Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge going with you for the rest of your life

At the age of 33. my 401k is amassed 81,000.00 and 30,000.00 in taxble account. by follow simple rule

Answer 2

The financial plan you are looking for is not that difficult.
If it is a pension plan you are looking for like what you need to keep you secure after you retire, then you check out the interest patterns available on retirement say 16 years from now. Suppose it is x%. Then if you require y currency in which ever unit you require per annum then at the begining of 16 years you will require x/y =z currencies whether dollars or rupees or wahtever. y should be in decimals.
Now you see how much you can put aside annually for the next 16 years on annual basis. Multiply that by FVIFA or future value interest factor of an annuity for k% and 16 years. k % is the interest rate at which you can save. FVIFA can be got from a discount table or compound interest tables in laymans terms.
If this value you got is less than z which you calculated earlier then you will have to save more or take some risk to gain higher yield on your savings. Or if that is not possible you will have to raise your savings annually till you find a future value at the end of 16 years the time you retire, equal to z currencies.
The other need you might have are all derivatives of the above solution. Good Luck.

Answer 3

You don't say where you live(America, India, Islands, Canada, Sout or central America ect.) . a lot depends on that.
A good financial plan also depemnds on how much yuo are able to save, if yuo can save any and still pay bills and support your family.
Some times it's better to save less and used the difference to get a better education which would increase your income faster.

If you only have a small amout to save I would say a savings account in an american or canadian bank woud be your best bet.
That way it's easier to reach in case of emergencies, and grows steadlly.
check these sites;
Certified Financial Planner Board of Standards Inc. - Checklist for Interviewing a Financial Planner
Certified Financial Planner Board of Standards, fostering professional standards ... Financial Professionals. How to Choose a Planner. Choosing a CFP® Professional ...www.cfp.net/learn/knowledgebase.asp?id=8
Certified Financial Planner Board of Standards Inc. - www.CFP.net
... be considering help from a financial planner for a number of reasons, whether ... To Check the Disciplinary History of a Financial Planner or Adviser ...www.pueblo.gsa.gov/cic_text/money/financial-planner/10questions.html

Find a CFP® Professional
The Financial Planning Association (FPA) assists ... Consumer Tips on Working with a Financial Adviser (PDF file) Hired a Financial Planner? Now What? ...www.fpanet.org/plannersearch/search.cfm

Financial Planner
... relationship between you and your financial planner should be an ongoing one, ... A Certified Financial Planner professional can serve you in a variety of ways. ...www.state.il.us/treas/PersFinance/fin-plan.htm

Answer 4

Regarding the comment of doing it yourself: We can all do almost anything ourselves if we have the time. Learning the financial world can take A LOT of time. There is so much out there. Then, there is the whole aspect of being good at it (or not).
So, decide if you have the time(couple/few years).
A planner should be someone who looks at YOUR situation and does what is in YOUR interest. Also, this person should be someone that you naturally communicate well with.

Answer 5

People seem to have a bias against planners, this person says flat out she is bad with planning, it would help her to see a planner to make the best use of her resources,
and as long as its one she trusts, (references?) why only use a fee only planner, they could set her up with a good program to help make up the lost time

time to start is now, she is 39,

if you want to do it yourself read "mutual funds for dummies" or "investing for dummies" very good books, read on the internet about how to invest,

or just pick a target date fund from vanguard, troweprice, or fidelity and let them allocate your money for you, just deposit whatever you can per month into it, even starting out at 50 a month helps

www.troweprice.com you can start a fund for 50 a month

edit: just wondering why someone would give this post a thumbs down? is it because i didn't rip on financial planners?

Answer 6

if you want to use a certified financial planner, pl visit the site www.fpsbindia.org which is the apex governing body of financial planners in India (Financial planning standards board of India). Take a look at the directory listing and locate the fp nearest to u. if u cannot afford professional help, start with insurance. protect your life,health and property . then move to investments thro mutual funds route. with regards sahadev kunapuli

Answer 7

I Had a financial planner, actually had a few, gave me no good plan and all they wanted was for me to keep sending money to my account. I soon got rid of them and stated doing it myself. I am allot happier and the decisions I make are mine and not his. So my good plan for you is pick up some good books and start reading.

Answer 8

If you go to a planner use a fee only one. If they sell something like insurance or investments they are not independent and will make part of what they sell part of your plan.
There are many CPA planners who can help you establish and maintain a plan.

Answer 9

you don't necessarily need a financial planner. they work with people that have some assets that they need help with. I don't think you have many assets. what you need to do is to start a savings and investment plan, I don't know where you live but in the US you can invest with a numbeber of companies. Vanguard is one of the largest. you need to start each month saving and investing money and get in the habit of doing this each month. and try to get out of as much debt as possible. credit card debt and any debt with high interest rates is very bad, all you are doing is making the credit card companies rich.........here is any easy plan.......save money each month, get out of debt, don't spend what you don't have.....live within your means........

Answer 10

The best plan you can have is spend less than you have - take 10% of whatever you have and put it in a good investment (a no load mutual fund like an S&P500 index fund is as good as a start as anything).