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[quote=Anonymous][quote=Anonymous]

Similarly, once people reach retirement age, many don’t know which accounts to use first, when to take social security, when and if to transfer money from a traditional URA to a Roth, etc.

A big - and sometimes overlooked - part of a CFP’s role is just educating people on investments and giving them emotional support when the market tanks. So many people mess-up their financial futures by investing aggressively and then selling at the bottom of a market drop. A CFP will ensure that you’re appropriately invested to meet your goals and keep you on track when the market barfs. 
[/quote]

These are very good points.  My mother is a good example of the first kind of person- she has well over $1 million in various accounts I think as well as SS and a pension, but very much not savvy on these details nor able to execute it well.   She has a financial planner and it's totally worth it for her.

And I have a family member who used to be a CFP, and he would stress the second point as his main benefit for the majority of his clients. A lot of people are generally smart, understand the basics, good at their personal job, etc, but not emotionally prepared to think long term about money, understandably.

Personally I have comfort in this stuff and more than willing to sit through a down market, and the idea of sitting down with someone once a year for an hour to go over it seems like a chore.  But there are definitely a good number of people for whom it makes sense.[/quote]

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