10 Questions To Ask Your Financial Planner | Schultz & Kellar, PLLC
Having troubles with your finances lately? Feeling stressed because you can’t seem to get ahead? Many people feel this way at some point in their lives. The good news is, there is help available! You can work with a certified financial planner (CFP) to get your finances back on track.
If you’re thinking about working with a certified financial planner in Southlake, here are 10 questions to ask so that you have an idea of what to expect:
- What is your experience and education in financial planning?
This question will help you understand the CFP’s qualifications and expertise. This means they’ll be able to provide you with accurate advice and guidance.
- What are your financial planning fees?
It’s important to know how much you’ll be paying for financial planning services. This will help you budget and make sure the costs are affordable.
- What is your investment philosophy?
This question will give you insight into the CFP’s investment strategy. This will help you determine if their approach aligns with your own investment goals.
- What is your experience with retirement planning?
Retirement planning is a complex process. You’ll want to know that your CFP has the knowledge and experience to help you plan for a comfortable retirement. You can also gauge their level of experience by asking about the retirement planning services they offer.
- What are your thoughts on saving for college?
College costs have been rising steadily in recent years. If you have children, you’ll want to know that your CFP is experienced in helping families save for college. They can offer advice on 529 plans and other college savings options.
- What is your estate planning experience?
Estate planning can be a complex process. You’ll want to work with a CFP who has experience in this area to ensure that your assets are protected and distributed according to your wishes.
- What are your thoughts on risk management?
Risk management is an important part of financial planning. Risk is inherent in investing, but there are ways to manage it. You’ll want to know that your CFP is experienced in this area and can offer guidance on how to protect your assets.
- What is your experience with tax planning?
Tax planning is a complex process, and it’s important to work with a CFP who has experience in this area. They can offer advice on how to minimize your taxes and maximize your financial situation.
- What is your experience with insurance planning?
Insurance planning is an important part of financial planning. Your CFP can help you understand your options and make sure you have the coverage you need.
- Do you have any other advice for me?
This is an open-ended question that will give you an idea of the CFP’s general advice and guidance. You can also use this question to get additional information on any topics that you’re interested in.
Asking these questions will help you choose a certified financial planner who is right for you. Working with a CFP can provide you with the peace of mind that comes from knowing your finances are in good hands.
