Personal Finance 

Kiplinger & NAPFA: Free Retirement Advice on Jan 21st, Jan 25th 2011

Every year for the last ten years, the National Association of Personal Financial Advisors and Kiplinger’s team up to hold Jump-Start Your Retirement Plan Days where they give free advice to anyone willing to call their 800 number or visit their website. This year, the two free days are this Friday January 21st and next Tuesday January 25th. Between 9 AM and 6 PM Eastern, you can ask fee-only financial planners (the only way to go when it comes to financial planners) questions absolutely free.

You can call 888-919-2345 or visit the website to ask your question. The statistics they’ve compiled on whom they’ve helped is pretty amazing – over 37,000 consumers and 140,000 hours of advice. I’ve never called in but people have told me that the advice is usually pretty good, though not as good as sitting down with an actual planner (as you’d expect).

So, if you’ve had a burning question or two that you’ve wanted to ask a financial planner, square off a little time on Friday or next Tuesday and get it answered for free.

 Personal Finance 

NAPFA Consumer Education Series

NAPFA Consumer Webinar Series
Every year, National Association of Personal Finance Advisors (NAPFA) and Kiplinger’s Personal Finance get together for their Jump-Start Your Retirement Plan Days, where you can talk to a fee-only advisors from NAPFA. It’s a pretty good resource if you take advantage of it, it’s not every day you can talk to a financial advisor for free without the pressure of them trying to sell you something (one reason why fee-only beats commissioned advisors).

NAPFA is putting together a NAPFA Consumer Education Series they bill as:

… designed to help consumers across the country better understand personal financial matters. Presented by the National Association of Personal Financial Advisors (NAPFA), each session will be led by a NAPFA-Registered Financial Advisor who commits to the highest of standards in the financial planning industry. Many of our instructors are authors, educators and leaders in the industry.

(Click to continue reading…)

 Personal Finance 

Jumpstart Your Retirement Plan Days (Kiplinger Magazine Giveaway!)

Retirement: Get Back To Work!For the last seven years, Kiplinger’s Personal Finance magazine and the National Association of Personal Financial Advisors (NAPFA) partner up and put on an event called Jumpstart Your Retirement Plan. During Jumpstart Your Retirement Plan days, you can call into 888-919-2345 and talk to a fee-only financial planner absolutely free between 9 AM and 6 PM. If you would rather do it on the web, you can just log onto the Jumpstart website and post your question there. This year the event will be held on January 13th (next Tuesday!) and again on January 30th.

Fee only financial planners are, in my humble opinion, the best kind of financial planners available because you pay for their time, often $150 to $300 an hour! Why are they the “best?” The alternative is a financial planner that often advises you for free but earns a commission on the products they sell. For example, I recently talked to a financial advisor who worked for a major investment and insurance firm who gave great advice but always recommended his firm’s products. With a fee-only planner, you are guaranteed to get the most unbiased advice because they don’t get paid based on what you buy, they are paid simply to advise. That’s not to say commissioned financial planners are automatically bad, far from it, but they are less likely to recommend the 100% best possible option (no one ever recommends Vanguard index funds because there is no commission!).

Last year, 90 NAPFA volunteers answered 4,100 calls across the two days, or about two and a half calls an hour each day. If you assume each call lasted about twenty minutes, you’re getting about a hundred bucks worth of advice absolutely free. I think that if you have a pressing retirement or financial planning related question, it’s a no brainer to call them up to ask. As much as I enjoy having you all read my site, I’m not a financial planner, I’m just a regular Joe like you, so this is a great opportunity to ask a professional for free.

Also, to sweeten the pot a little, Kiplinger’s has offered a free one-year subscription to their magazine for Blueprint readers. You can get an entry into the contest by:

  • 1 entry: Leaving a comment below,
  • 1 entry: Being an email subscriber (as always),
  • 50 entries Call in (or posting it online) and ask your question, then post your question here (and answer!)

We only have one subscription to give away and two retirement days so this contest will run until February 4th, to give callers on the January 30th date an opportunity to post their questions and get their fifty entries. Good luck and I hope we get some good questions!

(Photo: The Rocketeer)

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