Any thoughts on hiring a CFP?

**chatterweb** · 01-16-2007, 12:08 AM

Certified Financial Planner?

They endorse no type of services and only review your finances, and recommend suggestions...
I found one who charges $500.00 for 2 hours here in San Diego.

I am very interested in going to one.
I think I would pay for one with money from the income tax refund.

I really think I would benefit, since I have some questions regarding some issues with our financing.

Mainly, how to invest in online retirement funds, owning 2 homes and planning to retire early if possible.
Also, obtaining financial freedom as soon as possible!

Any advice is appreciated.

BTW They offer a 4 day financial boot camp for $1800.00...a bit more than I am willing to spend!

**wanderlusting** · 01-16-2007, 01:41 PM

That's a good rate for a FP. I worked for one that was commissioned based and he pushed selling financial plans and his company's mutual funds and products. A basic financial plan cost $400 so paying $500 for 2 hours of non-agenda planning is well worth it. Good luck!

**chatterweb** · 01-17-2007, 12:50 AM

Thanks for the advice!
This is a fee only one and he does not push products.

My gut says go!

He seems really down to earth on the website, he has a video and just seems like a really helpful guy.
I know $500.00 is ALOT of money for 2 hours,. so I will talk fast and I hope he does as well!

I am so glad I got some advice from someone in the know!

Thanks again!

**CYork** · 01-17-2007, 08:32 AM

There is so much free information available on the web about financial planning that I, personally, would 1) do my own research and make my own financial plans; 2) use the $500 to start my retirement investments. It's not that hard.

I think the FP is ripping you off charging $250 per hour. If not, then I'm in the wrong line of work...

**chatterweb** · 01-18-2007, 02:02 AM

Well, I agree. Plus I get free CFP from Calpers. Just found that out today.

**Telephus44** · 02-03-2007, 09:38 AM

I would see a CFP if my financial situation was more - ummm - complicated? I mean, we don't own any property or have millions of dollars in investments accounts, so right now I can keep track of it all pretty easily and get tons of advice on the web. If we keep going at the same pace that we are though, I might get past my "comfort point" and I'd consider going to one to make sure that I was on track. And $500 for two hours doesn't sound that bad.