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Jul 30 2012 12:00AM


What exactly does a financial planner do? We need help deciding whether or not to refinance and wrap some remodeling needs into the refinance in light of the fact that my husband is 64. Would a financial planner be the one to advise?


Your question about refinancing your home is exactly the kind of question financial planners answer every day. It is one that is important to you and has significant impact on your financial life. Generally speaking, a planner should help you understand your current financial situation, assess your goals, provide analysis for pathways to reach those goals and discuss how to start down a road which will be in a good direction to reach the goals. The key things that planners do are to listen, clarify and provide objective advice.

Follow-up questions might be:

  • How do you find a financial planner?
  • What to look for and where to start?

 My suggestion is to start with the Financial Planning Association’s website. I am a member of the Financial Planning Association and I am a CERTIFIED FINANCIAL PLANNER™ (CFP®) professional. The CFP designation means that I have appropriate education and experience in the profession and have agreed to abide by an ethical standard which benefits my clients.

Financial Planning Association® (FPA®)
FPA PlannerSearch – allows you to search for financial planners in your area using a variety of criteria including free consultations, how planners charge, specialties and more. You will also find helpful information in the upper left-hand corner including:

The purpose of your initial meeting is to get acquainted and assess (both you and the planner) if there is a good fit: your needs with the planner's skill set, how the planner gets paid, sense of value of the planning process and advice.

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