Personal Finance Retirement

What charges are associated with using a financial planner for retirement funds? My wife and I are planning to retire in the next few months and will receive several hundred thousand dollars from our retirement funds. We need to work with a financial planner to be able to roll most of this money into accounts that won't be taxed until we withdraw funds to spend. How much should we anticipate having to pay a financial planner to arrange this. Also, if anyone knows about these things will it be possible to make such a rollover? I am 63 and my wife is 64.

I have to create a retirement planner in excel for one of my classes and I dont know where to start? Excel is not my best subject I really need help with the formulas is there a site that explains all of that any help would be so much appreciated

I am looking for a retirement planner in the san fernando valley in CA. Do you know of someone?

Do need to be a CFP to be a retirement planner/advisor or is there a specific license for retirement advising?

Best Retirement Planner? Whats the best retirement planner available in India for people less than 35 yrs...scope to pay for 20 yrs !

My daughter wants to become a financial planner, so she can work in investments and real estate, retirement? Retirement planning, college, insurance, ect. What would you suggest for classes to take, is this a two year or four year to be in college? Do they teach real estate in college?

I need some advice from a mutual fund/stock retirement planner.? I'm about to change jobs and roll my 401k into an IRA (the job I'm going too won't allow me to roll the balance over untill I'm full time so I have to go IRA route.)and right now I'm vested in a mutual fund (Russel Lifepoints Aggressive Strategy) the ticker is RELEX, right now I'm 27 years old and I have about $7500 in there right now. Ok my few questions are 1. How do I find out exactly what stocks RELEX is investing in not just the index's or sectors. Should I stay with RELEX or is there a better fund, or since I'm young find an IRA that will lets me pick the stocks I want since I'm kinda studying on the subject and maybe I'll pick a winner. and 3. If thiers any other advice you could give me that would be helpful maybe some good picks on mutual funds or stocks that will be doing well in the next 10 to 20 years when I will need to rebalance my portfolio to safer ground. And last If I'm sticking about $4,000 a year in an IRA with RELEX whats your estimate I'll have to retire with?

Are you supposed to buy your finacial planner a gift for all the hard work he does for you with retirement?

What is the formula many financial planners use to determine how much an individual will need in retirement? The answer is 85% of pre - retirement income. I want to know how that is determined, please.

What is meant by certified financial planner and is it important to be certified? What is a CLTC and how do I know if I need a CLTC or a financial planner. I'm just trying to get someone to help me manage my $$ and plan for my retirement! I don't know what I need!

Does anybody feel as crazy as I do about retirement planning and the downsizing they are doing at work? I am really worried about retirement and my current job. I can't say that I really care about financial planners. Are there any people who feel the same way. What is the solution? One financial planner told me that 2000 dollars today will only be worth 700 dollars in 20 years. Now that to me is scary. The ups and downs of the stock market make me awfully nervous. I get touchy when it comes to these financial planners but I get touchy when I think that I've got to have 85% of my income to retire too.

Tips on working with a financial planner? My fiance and I are getting married in October of 2008, and at some point before the wedding we are going to meet with a financial planner to help us with things like setting our household budget, but more so for important things like investing in retirement plans and working toward a down payment for a house. There's so much information out there, and it gets complicated if you're not familiar with the field, so we figured this would be a good way to help us get started. Do you have any tips about working with a financial planner? What to ask, what to look for, companies to use or avoid, etc.? Relevant/helpful answers appreciated. Thanks!

I have a retirement anunity of $15,000.00 per year.? What is the formula to determine its cash value for retirement planning.? All of these retirement planners say you should have a minimum amount in your portifolio before you can retire. I am need to determine the value of my retirement anunity,

When preparing a retirement financial plan, any thoughts on the average cost of health insurance? Many financial planners seem to be missing this 'line item' when preparing a plan. For many, this may be the biggest monthly expense at the time of retirement.

How much would you be willing to pay for an event planner to be completely responsible for your event? Okay this is a two part question: A) The only thing you would have to do is pick the things you want out. You could do that either via in person or over the net. Such as if you were wanting to get married the event planner would do everything you wanted such as picking out the food, photographer, locations (with your approval). You would be responsible for picking out your wedding dress, but the planner would pick your dress up, and have it ready to go at the wedding site. If you were having a party(such as a baby shower, birthday party, reunion, retirement party, etc), the only thing you would need to is mingle with your guests, the event planner would make sure there was enough food and drinks and that the decorations are to your standards. You know kinda like J-Lo in the movie Wedding Planner?? B) And which parties in life would you most want someone to help with?? The planner would be the in between person. You and the planner would sit down and you would tell her or him what you wanted and they would be responsible for making it happen.

How do financial planners estimate the 85% of pre-retirement income needed for retirement?

Are financial planners being honest about retirement? They make the following unwarranted assumptions: 1. After you retire, you will never work another day in your life. 2. You will need to maintain the same income in retirement that you had when you were working full time. 3. You will not receive Social Security.

Should I promote my consulting business seperately by segments or all under one umbrella? I have a background that allows me to do financial consulting in more than one area including investment advisor / retirement planner, business valuations and business plans. Is it a bad idea to run these all as one consulting shop? Or should I have a seperate DBA for each? Should I not tell my customers I have more than one area of consulting. It makes good sense to offer a multitude of services since I have a masters in finance and undergrauate degree in business, banking experience and a certificate in personal financial planning. Much of the theory of finance is cross dimensional. Thanks Retired bookworm. Yeah I guess I'm thinking that my concern is that my customers will think because I offer so many services it might not provide them with a focused expert they need?

How much education is required to become a Financial Planner in Michigan? Thinking about a retirement job

Charles Schwab and Financial planner fee? Big question? I am new to investing. A financial planner wants to move my retirement accounts to Charles Schwab so I may have more to chose from under one roof, and then charge me a 1.4% fee for the year on all of it for his managing services. Is this wise or reasonable? Can I get my stuff over to Schwab on my own, pick out my own stuff, and avoid his fees? Is Schwab good? or are others better considering the cost/ service etc. Or if I go directly to the fund company for everything how does one organize it all? (ie if i diversify into 10 different funds or stuff) And will I be further ahead for doing it this way, or should I trust him as the expert and pay? If he is the expert and assuming he gets better returns am I farther ahead with the fees than if I do average and try to do it myself? Sorry so long, I just want to do it right. Thanks for your input.

Retirement homes...? What type of degree is required to become an Activities Director or Events Planner in a retirement home setting? I am getting my BS in Business with a Certificate in Gerontology (study of aging). Do you think that degree will work for that type of job? What other jobs in this field would be available to me with that degree?

Do I see a financial advisor/planner, or someone else entirely? So I am not sure who I am supposed to use, or even if there is a difference. I am looking for someone that can put us on a budget, and help us to plan for retirement. Someone who would look over all of our bills and help us form the best plan of action. So who should I be looking for? And how do I know if they are any god or not?

Working in a retirement home...? What type of degree is required to become an Activities Director or Events Planner in a retirement home setting? I am getting my BS in Business with a Certificate in Gerontology (study of aging). Do you think that degree will work for that type of job? What other jobs in this field would be available to me with that degree?

Should a young couple save money in retirement accounts or stock money in an emergency fund.? A question for all of you advisers & planners out there... Should a 24 year old couple save money in a retirement account (after normal 401k contributions) like a Roth IRA or use that money to invest in a safe money market account to get to the 3-6 month level of savings financial professionals say you need in case of an emergency. One other thing to note is that this couple has principal currently sitting in Roths > 5 years, so money can be withdrawn from the Roths tax & penalty-free in case of an emergency. I may be answering my own question, but I wanted to get other perspectives on this issue.

Is Saving for Retirement Overrated these days? Don't get me wrong. I believe in saving for the future and I max out my 401(k), however it seems like companies, advisors, and planners stress you should be saving more because you "won't have enough" when you retire. I want to enjoy some of it now and still plan for the future, yet my advisor warns me that I'll still fall way short. All the financial publications seem so worried about not having enough. Is this overblown? Or should I sock it all away and live minimally?

how to be a good financial planner? hi how to be a very good financial planner inorder to be very good at maitaining your finances and debts and plan well for your retirement,,,, but still have fun during the course of your life...

What is the best undergrad degree to get? I want to work in a nursing home or retirement community as either an Activities Director or Events Planner. Right now my major is Business and I am also thinking about getting a certificate in Gerontology (the study of aging). Should I switch majors? If so, to what?

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Why do so many insurance salesman call themselves finacial planners when they are anything but? Nothing bothers me quite like insurance salesman that call themselves "financial planners". They would rather sell someone whole life insurance than explain to them how a Roth IRA with ETFs works. I wonder if they are just ignorant or if they actually understand that they are insurance salesman and they have no clue about retirement planning.

Can anyone recommend a good financial advisor in South Jersey? I would like to go to a good certified financial planner in South Jersey, preferably one with a flat fee. I need general advice on retirement planning, budgeting, taxes, etc.

I run my own business, and I was wondering what I could do to advertise besides word of mouth. Any help? I'm an event planner, and I plan all occasions, birthday, baby shower, bridal shower, graduation, retirement, bachlor/ette.

Should I let her? My mother in law thinks shes going to die and wants to liquidate her assets to us? She wont see a financial planner to secure her savings and is spending her retirement quickly. She wants to give it to us should I let her?

I need a financial planning company? I just got married a few months ago and my husband and I wanted to find a financial planner. We are both 24 but we want to save up for our retirement, college for future children, investments, buying a home, etc.... We don't have much money to start with because we just cleared all of our debt. Does anyone know what's the best place for us to start? We're looking for a financial planning company or financial planner in Los Angeles. Thank you.

What do I need to know and do to become a financial advisor/analyst? I'm a junior attending a university. My major is managerial finance. I'm interested in becoming a financial advisor or analyst. Outside of my studies I play around with the stock market and have been fairly successful. I put together a project explaining the importance of retirement explaining the how to's on how to pick what's right for you: various mutual funds, ira's, etc. My teacher loved it. The kids on campus know me for making making financial talk simple and easy and "attractive." Several people have told me if I become a financial planner, advisor, analyst, they'd definitely trust me w/their money. I'm excited about having a career in that field but don't get enough guidance @ my school (career center, etc.) I'm looking for internships, but it's difficult in Mississippi (I keep trying.) I'm trying to make myself look attractive for employers. What else can I do to bring to the table to become a financial planner, advosor, analyst...and YES, I am going to graduate school!!!

401k? 401b? retirement plan? I am 35 years old. I have no money saved for retirement. I work for a hospital and they do not match with their retirement plan. What do I need to do in order to prepare myself for retirement? I have no clue on what I should do with my money and where I should do it at. How can I guarantee that I can be financially comfortable when I retire? Any info would help because I am totally clueless with this subject and I feel like I would be stupid to ask somebody. I don't even know the difference between a 401k, IRA, etc. Would a financial planner be worth it? Where would I find one? I live in a large city.

Do you ever wonder how being LGBT will affect our retirement years? Unlike heterosexuals, we will always have to fend off for ourselves in "the golden years". Well meaning straight people do ask me all the time, "Aren't you afraid of dying old and alone?" and they couch that in terms of the sense of security that straight marriages do give; whether this security is real or imagined is debatable, of course. But the social support system is definitely weighed in favor of straight couples, especially those married and with kids. As a financial planner who is gay, I am heartbroken to meet gay clients who wish to assign their partners as beneficiaries of their insurance policies, health plans, properties, etc. and cannot do so because the law (in the Philippines, where I live) prohibits people who are not "biological family" to inherit them. How do YOU plan for your retirement years?

If we did what financial planners want us to do, would we head into a recession even quicker? Paying off debt, saving for emergency fund, saving for retirement, 20-25% down payment, etc. If 90% of Americans did exactly what we are idealy supposed to...Would this cause a huge recession? Moreso than what is predicted to occur?

I already paid for Loaded Hartford mutual fund, now? my investor says I can move for free to Hartford HSNAX Strategic Income-a fixed income, is this a good move? I looked on morningstar and it has under the rating NR and I do not know what this means. I am retired on SMALL retirement and need this as my main income..any suggestions? I, unfortunately do not know much about the market, but went through our local credit union who hires the financial planner through LPL investments.

What whole life insurance policy is best for a 24 year old? I have a policy from New York Life, but 2 of my friends who are financial planners, say Mass Mutual would be better... there's a bunch of baloney I'm not understanding i.e. guaranteed benefits, crap about withdrawing money for retirement. Altogether, it doesn't seem like I am getting that much from death benefits with the amount I am putting in ($1K/year until pretty much I'm 65). I don't want to pay forever for this... where in my policy does it say when I can stop paying?

Roth IRA and investing? Well, I am 42 and have decided that it is time to start planning for my retirement. I just funded my new Roth IRA with the maximum contribution of $4,000 for 2007. Now what? I don't know what to invest in. Should I look for a financial planner, if so, how much do they cost and where can I find out if they are any good? I am new at this.

a question about low, medium, and high risk annuities - for a finance project...? so for a final project, i need to act as a retirement planner for a couple. they of course know nothing about the technical details of finance, etc etc. i'm not at all looking for someone to do my homework for me, i'm just looking for some guidance - i need to know where to find typical, average rates of return for both the accumulation and retirement periods. i'm interested in high, medium, and low-risk examples. the purpose of the project is to illustrate the theoretical couple's consequences for those various rates, and or various retirement dates, etc etc. thanks so much. i think it's safe to assume this is a fixed annuity. (this is a finance 311 class, just a general business finance course)

Financial Planning In College? I am a college student who has just landed my first regular paying job. I would like to begin saving for my future and I am unsure of what steps to take. I had thoughts of consulting with a financial planner, but I don't know what questions to ask and what other things I would need to know before I meet with them. I would like to begin saving for a family, future children, and retirement. Do you have any tips on where I should start, what company I should consult with, etc? Thanks =)

Need help explaining retirement to my bf??? Help anyone? Ok so I have a pension at my work (I am 21) that is pretty good and I plan to work here forever or if not continue with the pension and increase the perecentages. So a finacial planner said for these figures at 65 I could have 1.5 million. Now I want to retire around 50, I told my bf to start one too, but he said 1.5 mil is enough for both of us. He thinks investing is dumb and you can lose all your money. So I need to tell him about a secure pension/rrsp where you can't lose your money, where its isnt invested, it just sits there? Is there a such thing, he wants his money super safe or he puts it under the mattress??? How do I tell him what would be best and really secure? Thanks, long I know but I need to convince him without arguing about it.

Best budget planning website? I have seen a lot of planners - but they always seem to be missing something - whats the most comprehensive budget planning site that would be good for someone in college, trying to plan for a house and retirement? Thanks a bunch

Fin Adv charge $3000-$5000 to prepare retiremnt plans. Is there a book to guide me in preparing my own plan? Ready to retire (within a year)! Have saved and invested for 30 yrs. Need a retirement plan. Would like to prepare my own. Financial planners are too expensive!! Should be a do-it-yourself guide out there somewhere.