Sentences with phrase «only planner»

To ensure that the advice is unbiased, consider a fee - only planner — one who doesn't receive a commission for selling you insurance, investment, or other financial products.

A commission - based broker works a bit differently than a fee - only planner in the fact that they're paid through the sale of certain product such as a life insurance, mutual funds, and annuities.

Because a fee - only planner has no direct financial stake in the recommendations they provide to you they may be more encouraged to act solely on what they feel is in your best interest.

A fee - only planner doesn't accept any fees or compensation based off the products that they sell you.

In interest of disclosure, I am a fee - only planner who does hourly.

He could hire an hourly fee - only planner to allocate assets and save a bundle.

A close to 1 % AUM is just not worth it when your portfolio starts growing over six figures, you can get great advice from a NAPFA fee only planner on an hourly basis for a lot less.

Alex: I work with a fee - only planner who concentrates on low cost investing.

If you don't have a fee only planner and still want to index — use half SPY and half AGG, and add funds periodically to keep the positions equal sized.

Fee - only planner Marie Engen, co-owner of Boomer & Echo, says this is not an either / or case.

«Without having a philosophy, you don't really know the right time to buy and sell,» says Jason Heath, a fee - only planner with Objective Financial Partners in Toronto.

And if you're not into DIY, check out this comparison tool for robo - advisors, who can do the asset management part while your fee - only planner does the planning part.

If you are concerned about a financial roadmap that can take you from here to retirement, a fee - only planner can help.

However, I still prefer the fee - only approach but I'm biased since I am a fee - only planner.

Fee - only planner Jason Heath says the rise is due to soaring home prices in Canada, allowing seniors with limited income to use reverse mortgages to tap into their growing home equity.

Whatever Kori and Tyler decide to do, says Annie Kvick, a fee - for - service only planner with Money Coaches Canada in North Vancouver, the most important piece of advice they need to heed is «live within your means.

«These are areas you need to invest in as well, perhaps at the expense of financial independence,» says Toronto fee - only planner Jason Heath.

«Some people have big debt - to - income ratios because of big mortgages, but they can handle it because they're unbelievably frugal in other areas of their life,» notes Janet Freedman, a fee - only planner with Toronto - based Finance Matters.

If buying is still out of your reach in a cooling market, focus on building up a sizable down payment, suggests Heather Franklin, a fee - only planner in Toronto.

«She needs to pay for a few hours of a fee - only planner's time to do this,» says Kvick.

«That's huge,» says Heather Franklin, a fee - only planner in Toronto.

«If you just start saving in an RRSP at any point in your 40s and continue doing it through your 50s, you'll be fine,» says Mary Prime, a fee - only planner at Prime Consulting in Toronto.

Stephen Elliott, 37, hired a fee - only planner on an hourly basis after doubting whether his previous financial adviser's incentives were aligned with his own.

Darryl Robinson, a fee - only planner at D. Robinson & Associates in Winnipeg, says, «Using up the limit leaves no room for error, resulting in penalties.»

For instance, I'd start off the conversation by mentioning that I am a DIY investor, currently managing a portfolio of broad - market index funds and am looking for a fee - only planner to get additional help with taxes, retirement planning, portfolio review and insurance needs and ask if the planner is interested in me as a prospective client.

Fee - only planner Jason Heath of Objective Financial Partners in Markham, Ont., says Kristy and Corey are in good financial shape overall, but they need to pay more attention to the details.

So here are seven ways in which a fee - only planner will NOT help you with.

The other option you have is to hire a fee - only planner who will either charge you a flat fee or an hourly rate to assist in your 401 (k) options.

«I often see proper asset allocation being ignored by people who are managing their own portfolios and feel they have some special insight on a stock,» says Toronto fee - only planner Jason Heath.

In fact, both Marc Lamontagne, a fee - only planner for Ryan Lamontagne Inc. in Ottawa, and Alfred Feth, a fee - for - service planner in Waterloo, Ont., have never seen this type of investment strategy adopted so successfully by a couple so young.

If this self - directed investor wishes to purchase à la carte financial planning services he or she could go to a true fee - only planner who charges by the project (perhaps a one - time charge of $ 2,500 for a comprehensive financial plan), or possibly via hourly charges like $ 250 / hour.

However, Bortolotti adds, that's not to say someone using a robo - advisor for portfolio management advice can't also pay for the additional services of a fee - only planner to address concerns such as taxes or retirement planning.

As a Fee - Only planner, I receive no compensation from any product recommended.

From the day I started working as a financial advisor in 2007, I have always operated as a fee - only planner, meaning my compensation comes solely from the fees my clients pay, not from commissions or other third - party referral fees.

As it now stands, paying separately for planning and investing would entail the fee - only planner's fees not being deductible while the robo - advisor's fees would be.

For a few thousand dollars, you can find a fee - only planner who will do a complete financial plan that will start you off on the right path for the next phase of your life.

Bender says anyone approaching retirement should get in touch with a fee - only planner or an adviser who can run various tax - planning scenarios — accounting for everything from your marginal tax rate through retirement to the impact of private pension income — to determine the best plan.

Diane Dekanic, a fee - only planner in Calgary, agrees, adding: «Should the condo suddenly have a renter from hell, or remain empty for a long period of time, this could be a real problem since they don't have any latitude in their cash flow to sustain this drain.»

Even if you go to a fee - only planner to get a financial plan, the investments you have will still have annual fees.

And, even in this scenario, I'd highly recommend a fee only planner that is very transparent about how they make money.

These often complex products have many other pros and cons, so look closely before buying anything and if in doubt seek professional counsel from a fee - only planner or other unbiased professional.

Encourage your child to use only the planner for recording assignments, tests, and project due dates.

She shows readers how step out in bravery and name their fears out loud, choose to bring them to God first before acting on them, and to trust God to be the only planner of our future.

With a fee - only planner, you'll pay a flat sum for the work that a planner does for you.

For a list of fee - only planners in your area, contact the National Association of Personal Financial Advisors (708-537-7722).

Another organization, the National Association of Personal Financial Advisors, restricts itself to fee - only planners.

Fee - only planners eschew commissions and instead accept only a fee for their advice.

Fee - only planners may be more objective, but there will be up - front charges.

Such a financial plan will chart out a path to achieve both your short - term and long - term financial goals (see MoneySense.ca for a directory of fee - only planners).

Both of them are listed in the Getting Help section of the Hub (and in MoneySense's online directory of fee - only planners).