In most cases, you get what you pay for. Cheap products wear out faster and often cost more in the long run. But when it comes to financial advice, that truism falls out the window. Sometimes hedge funds and highly-paid advisers deliver terrible advice (or scam you…Bernie Madoff anyone?). Other times, you can find great ideas in a library book, blog, or other free resource.
This January, Kiplinger’s Personal Finance and the National Association of Personal Finance Advisers will be holding Jumpstart Your Retirement Plan Days. On these two days, January 13th and January 30th (2009), people in the US can get free retirement planning advice from a NAPFA advisor.
It won’t be a formalized in-person session; you can call in or chat online.
If you’re not sure yet how you want to invest for retirement, or if your plans have been thrown into chaos by the recession, then I suggest you give them a call.
You can get in touch by phone by calling: 1-888-919-2345 (toll free)
Or you can login to www.kiplinger.com/links/jumpstart/ and talk to an adviser online.
You can prepare ahead by finding out what funds or companies (Fidelity, Vanguard, etc) are available in your employer’s retirement plan.
Like any other advice, take it with a grain of salt. Some financial advisers are better than others, some will take more time to understand your concerns and needs. The good thing about this advice is that it’s not something you have to do. It’s not even like not taking it would strain your relationship with your financial adviser, because there’s no relationship to begin with.
So if you’ve been thinking of talking to a financial professional and put it off because of the cost, take advantage of this opportunity on January 13th and 30th.