It seems like most of us don’t get around to saving until our 40’s. But with the economy recovering and tax day past, the time seems right to finally get personal finances on track. Financial planning for most professional women means turning to a professional advisor. If you don’t know what you’re looking for, you’re likely to be frustrated by any financial advisor. Think of them like a personal trainer: If you don’t put in the work, their advice won’t get you in better shape.
How to start?
You’ll want to sort through the different types of advisors and their areas of expertise: CFP, CFA, CPA, CLU, ChFC, and even CDFA (specialists in divorce!)
Once you know what you need, ask potential candidates what they can do for you. NAPFA provides an easy checklist with questions to ask your advisor, like how they are paid and what type of financial backgrounds they deal with. Plus, click here to find an advisor near you, by name or area.
You can expect your financial advisor to set target rates of return, focus on portfolio risk tolerance and your personal goals, according to Yahoo! Business.
Bonus PINK Link: Financial planning should include your will. Here are three things you need to know.
By Mary Claire Allvine
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