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Chapter 22. Getting Help > What a Planner Should Do for You - Pg. 224

Getting Help 224 Then there are the people who use a financial planner because it's a status symbol. "My planner just told me to invest in Intel," or, "My planner thinks we need to revamp our portfolio." Great water- cooler conversation. Having your own planner may give you bragging rights, but they may be limited rights. Beware of the individual who offers to share with you the advice her planner gave her, be- cause it probably isn't what you need. What a Planner Should Do for You Planners should start out asking lots of questions. They may have you fill out what seems like endless paperwork. A planner will need to know more about you than your mother does. To be able to give you good advice and help you strategize, a planner will need to know about your lifestyle, your family, your income, your job, your business, your spending habits, your health, your family's health, your financial situation, and even information about your Mom and Dad. Financial planning is a process, and a Certified Financial Planner should be your personal guide. Advice should evolve as your situation changes, but there should always be the process. A planner should do the following for you: · Assist you in identifying your personal and work goals.Then help you make some sense of them. For example, most people will say, "I want to have a comfortable retirement." A planner will have you clarify what "comfortable" is to you and then help you work on the fine details of your goals. Your goals may cover a wide range of needs from getting married, buying a home, having children, educating your children, getting out of debt, supporting elderly parents, starting a business, to successfully retiring. A planner should help you strategize. For What It's Worth