Posts filed under 'Financial Planning'

How to Find Financial Planning Help – WSJ.com

Our Comment by J. David  Lewis – Believe it or not, I am glad to see services like these.  Many people need and deserve financial planning help.  Far too many have told us they didn’t think they had enough to be our clients, when we have been able to help them in many ways.  A minimum fee structure, instead of requiring a minimum portfolio, permits us to help several clients who now have growing resources.  We will do all we can to help those who are serious about improving their resources, even to the point of helping them find one of these services.

Low Cost Financial PlanningBy EMILY GLAZER

You dont need a high net worth or complicated investments to create a financial plan.

There are a crop of new resources that let you get financial-planning services on the cheap. For a flat or hourly fee, a certified financial planner can help you develop a savings plan, get your budget in order and pay down debt. Enlarge ImageClose Andy Rash

But keep in mind that you get what you pay for—so dont expect any of the bells and whistles of a full-service financial-planning or brokerage firm. Some financial planners dont offer any investment advice. And most of the consultations are done over the phone and via email. Whats more, some financial experts warn that this isnt a solution for every investor since the quality of financial advice can be limited. And you may want to do some due diligence on the financial planner you are considering.

See if these tools will be useful for you via How to Find Financial Planning Help – WSJ.com.

Contact J. David Lewis directly with dlewis@resourceadv.com or share your thoughts on this topic below. He founded Resource Advisory Services in 1985.  National Association of Personal Financial Advisors (NAPFA) was formed only a few years before. Lewis became a NAPFA-Registered Financial Advisor in 1986.  He is a passionate advocate for fiduciary, fee-only financial planning and has been associated with financial services since childhood in a banking family. 58522

Add comment April 1st, 2012

There Is No Perfect or Permanent Financial Plan – NYTimes.com

Our Comment by J. David Lewis – When I read this tonight, I was struck by how timely it is.  Late in 2011, we prepared a relatively complex Recommendations Report for a couple interested in retiring a few years from now.  Less than six months later, we learn the retirement date may be very soon, due to changes by the employer.  No one could have predicted this change of expectation when we were working on the project.  I am convinced the decisions were sound when they were made.  Now, we are deciding what needs to be reconsidered.  In our world, this sort of thing is not exceptionally unusual. 

By Carl Richards

“Whether we like it or not, life is not static. We don’t live in bubbles. And even though one day may look very much like another, life is rarely the exact same every week let alone from year to year. Perhaps the basics stay the same — work, school, relationships — but little things change, and we learn to adapt to those changes.  

We need to think the same way about money. Even after we make smart decisions life will continue to happen.

The decision to save money each month may need to change if someone loses a job. The decision to have another child may mean that you need to buy a new car sooner than planned. The decision to retire early may be put on hold after a health emergency. In each example, no one did anything wrong; life happened.”

Read Carl Richard’s article via There Is No Perfect or Permanent Financial Plan – NYTimes.com.

Contact J. David Lewis directly with david.lewis@resourceadv.com or share your thoughts on this topic below. He founded Resource Advisory Services in 1985.  National Association of Personal Financial Advisors (NAPFA) was formed only a few years before. Lewis became a NAPFA-Registered Financial Advisor in 1986.  He is a passionate advocate for fiduciary, fee-only financial planning and has been associated with financial services since childhood in a banking family.  57375

Add comment January 23rd, 2012


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