Half of Financial Planners
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Anonymous
Don't Have a Financial Plan
NEW YORK (MainStreet) Perhaps financial planners should begin each client meeting with a disclaimer: "Do as I say, not as I do." While 40% of financial advisors say they intend to retire within the next 14 years, nearly half (46%) of them do not have a retirement strategy in place to accomplish that goal, according to a study conducted by the Financial Planning Association Research and Practice Institute. The lack of retirement planning impacts an even greater number of advisors who need it most. According to the survey, two-thirds (66%) of advisors who are over 65 don't have a retirement plan in place. http://www.thestreet.com/story/12156602/1/half-of-financial-planners-dont-have-a-financial-plan.html?puc=yahoo&cm_ven=YAHOO The blind leading the blind. |
Anonymous
| My dad is a CPA and doesn't balance his checkbook. |
Anonymous
| I am a CPA and I don't balance my checkbook. Does anyone any more? |
Anonymous
| It's true. We know several FP who went belly up in '08, because they failed to set themselves up in case of an emergency. Some lots their homes and cars. So contradictory!!!!!!! My DH is a FP who is 50, and could retire tomorrow. We don't live in the big house, or drive in $80K cars, but we have no debt, house and cars are paid for, and write check's for our child's private school tuition. Money = Greed, as far as I'm concerned. |
Anonymous
| And in other news, I'd bet that few lawyers have pre-nups, even though they advise all their friends to have one, and shoemakers' kids frequently have crappy shoes. |
Anonymous
| ...and the software engineer's family has broken computers. |
Anonymous
| My dad was a plumber and half the time we had leaky faucets and such. |
Anonymous
| My DH is wood carver and my kitchen knives are dull. Have to take them to Strosniders for sharpening. |
Anonymous
Me too. |
Anonymous
| I'm a doctor who never takes medications i'm supposed to |
Anonymous
| The sex therapists husband is not getting any. |
Anonymous
| I think part of the problem might be that anyone can be a financial planner. You don't need any certifications (although there are certifications one might have). Be careful who you choose to manage your money. |