Savvy Senior: Choose a trusted pro certified financial planner for retirement advice

Jim Miller advises retiring people on retirement investments and planning.
BY JIM MILLER, For The Oklahoman Published: January 6, 2014
Advertisement
;

DEAR SAVVY SENIOR: Can you give me some tips on how to choose a good financial planner or adviser? My wife and I are five or six years away from retiring and could use some professional help to get us on track.

SEEKING ADVICE

DEAR SEEKING: With all the different financial advisers and services available today, choosing a trusted professional that can meet your needs can be a bit confusing. Here are some suggestions that can help.

Where to look

A good place to start your search is by asking friends or relatives for recommendations. If you don't know anyone who can give you a referral, and you're looking for broad-based financial advice, hire a Certified Financial Planner, or CFP, who are considered the “gold standard” in the industry. To get the CFP credential, they must have a college degree and be educated in a wide range of personal finance subjects, pass a 2-day exam, have at least three years experience, meet continuing-education requirements and abide by a code of ethics.

If your needs are more specific, some other financial professionals to consider are a Registered Investment Adviser (RIA) who is registered with the Securities and Exchange Commission or a state securities regulator to manage investment portfolios; a Chartered Financial Consultant (CHFC), who specialize in insurance and estate planning; and a Certified Public Accountant (CPA), who can help with tax planning.



Trending Now


AROUND THE WEB

  1. 1
    Report: Chris Bosh agrees to 5-year, $118 million deal with Miami Heat
  2. 2
    College Board apologizes over 'racially insensitive' T-shirt
  3. 3
    Column: Dorial Green-Beckham's chances of playing this season 'less than zero'
  4. 4
    These Are The Surprisingly Human Faces Lurking In Google Maps Landscapes
  5. 5
    Tim Howard not among finalists for World Cup Golden Glove award
+ show more