Share this Page URL

Chapter 22. Getting Help > What to Look for in a Planner - Pg. 226

Getting Help 226 Our Advice If you recognize yourself as a "Shoebox Sally" (or Sam), you may want to do a few things to make your life easier. Label those boxes! And date them! 3. 4. 5. Tax planning--Those fellows in Washington always want their fair share--at least they think it's a fair share. You know, they have hings to buy. Tax planning should include a review of your tax returns for the last couple of years as well as any pretax contributions you are making to your retirement plan. Investment planning--Many people believe investing is all a planner does. To help you make wise decisions, a planner should be asking you about your goals for your money, when you will need it, and, most importantly, the planner should understand your tolerance for risk when it comes to investing in stocks or bonds (see Chapter 14, "Betting on the Right Horse"). Retirement planning--If you're 30, retirement seems so far away. The sad reality is that it's not that far away. A planner should help you set realistic goals and expectations for when you can retire. She should be able to do some forecasting (the younger you are, the more it will resemble guessing) of your income stream in retirement using your pension, Social Security, and personal assets. She should also be able to roughly estimate how long your assets may