#Money guy pro software#
#Money guy pro professional#
#Money guy pro free#

Help you pay down debt: As a general rule, fee-only financial planners refer such clients to a debt counselor or a bankruptcy attorney.(Do-it-yourself tip: Visit and for additional resources.) Help you plan for college funding: A planner can guide you on the best ways to finance your child’s education.

#Money guy pro professional#

(Do-it-yourself tip: Consumer Reports advises that unless your retirements consists entirely of Social Security and a pension, you might want to consult a professional on this one.)

Coordinate your retirement income: Planners can determine the best method for drawing funds from your various retirement accounts, while considering tax consequences.

#Money guy pro free#

Rowe Price’s Retirement Income Calculator and Analyze Now’s Free Retirement Planner.) (Do-it-yourself tip: Assess your potential income sources, including Social Security, and use an online tool to calculate where you stand. Assess if you’ve got enough to retire: A planner can determine whether you are on track for retirement or if you need to explore other options, such as working longer or changing your lifestyle.(Do-it-yourself tip: Do as much research as possible and shop around for the best rates.) Determine if you’re properly insured: Your planner should be able to evaluate your insurance needs, as well as refer you to an agent that can provide the coverage.Also, check out Bo’s Money-Minute about investing in a lump sum vs.

#Money guy pro software#

(Do-it-yourself tip: Use Morningstar software to research mutual funds and stocks for your portfolio. Help you invest a lump sum: A planner should be able to offer tax-efficient investment advice to their clients, as this is a core activity of financial planning.(Do-it-yourself tip: See if your 401(k) plan sponsor offers access to investment guidance or check out the online retirement-planning program, Financial Engines, for additional support.) Advise you on 401(k) investments: Your planner should be looking at all the pieces of your financial puzzle, including your 401(k) to ensure that your saving and investing goals line up across the board.(Do-it-yourself tip: Collect current statements for all assets and liabilities and use an online net worth calculator, such as Mint or Yodlee, to determine your net worth each year.) Help you figure your net worth: Typically, a planner will have the client gather the necessary data and then create a statement to uncover other planning opportunities, such as insurance analysis or estate planning.In the March edition of MoneyAdviser, Consumer Reports outlined what typical fee-only planners will and won’t do for their clients: In today’s show, we discuss the services that planners will and will not provide as well as key things to look for when hiring a pro. At the same time, choosing the right advisor to work with is an important decision that can often seem overwhelming. Hiring a professional financial planner could possibly be the key that unlocks the door to your financial success.