Free Financial Check-Up

Get Rich Slowly has a heads up about a free retirement investing program offered by Kiplinger’s. This Friday you can receive free, professional retirement advice by phone courtesy of Kiplinger’s Personal Finance and the National Association of Personal Financial Advisors:

    For the fifth time, we are joining with the National Association of Personal Financial Advisors (NAPFA) to sponsor Kiplinger’s Jump-Start Your Retirement Plan Days. From 9 a.m. to 6 p.m. eastern time on Tuesday, January 16, and Friday, January 26, NAPFA members across the U.S. will be standing by to take your calls and answer your questions.

    Normally, these fee-only planners, who are well versed in investments, taxes, insurance, estate planning, and retirement and college saving, charge clients $100 to $250 an hour. But on Jump-Start Days, you pay nothing — not even for the phone call. Just dial 888-919-2345.

We’ve not participated before, so we don’t know how long the hold times will be, or if you’ll have a long enough call to get anything meaningful out of it, but it certainly can’t hurt to take advantage of something like this. The hotline is a public service, you don’t need to be a subscriber.—MEGHANN MARCO

A Free Retirement Check-Up [Kiplingers via Get Rich Slowly]

Comments

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  1. Greeper says:

    I wonder what contact info you have to give them and how long you’ll spend getting off their spam list after. There’s gotta be a sales element to this.

  2. VG10 says:

    dreams of ameriprise financial services (aka old american express). when i won 3 free lunches in a single week, i knew something was fishy…

  3. orielbean says:

    Greeper, the sales element is that if you are old and scared and have little retirement savings, they will steer you into their loving arms. The good news is that groups like this are heavily regulated by the NASD and SEC, and the info they give you will be mucho useful.

    They have no interest in having your money fail, as they get paid mainly on managing it successfully, vs a bank who just wants the whole damn thing with no return for you. The advice will be sound, but any company-specific funds and vehicles you HAVE to research on your own, with Morningstar or the like.

    Also, so many companies are offering similar investment vehicles at this point, so get the generalized advice (like buying an annuity or something) and shop it around till you find someone you are comfortable with. And if you don’t like spam, give em bad contact info…

    They will most likely mail you twice, once with a kit of sales info, once with a “call us for followup”, and they will probably call you once more as a live followup. I work in finance, so I am familiar with these. They really aren’t that predatory and the company itself has a decent reputation. Take the free advice and run with it!

  4. orielbean says:

    The funny thing w/ financial security for debt management or retirement – there is a strict set of rules for pretty much anybody no matter what to get out of debt, to save cash for big down payments, and to retire without eating cat food…

    It’s not like a surgical treatment or rx where you have to be careful for each patient. There needs to be more robust tools out there where you can enter in the few pieces of info that are needed (ie how much a month do you need to live, how much credit debt vs loan debt do you have, etc).

    Most people don’t need such personalized advice, as you better believe that the advisors don’t EVER get that detailed into it – you are getting templated info from them for the most part until you make more than 150k a year and get a high-net-worth advisor (like Goldman Sachs).

    I haven’t found a comprehensive site yet that contains all the templates and is free for people… Get Rich Slowly is pretty darn useful, but still missing some essentials and the navigation is not as easy as it could be. This site is fantastic on an adhoc and anecdotal level for people, but it’s a blog and not a landing page for tools.

    Any ideas?

  5. thrillhouse says:

    orielbean-

    these are pretty good. But I’m not exactly sure what forms you are wanting.

    a daily dose of this doesn’t hurt either.