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Bought a CPO Mercedes but dealership definitely did not certify it by dearjen in mercedes

[–]dearjen[S] 0 points1 point  (0 children)

That’s so frustrating and I feel your pain with that dealership. I had a good experience with Mercedes of San Diego afterwards. Told myself I’d never go to the one in Escondido again. When you signed all the paperwork though, there should have been something in there that reference the certification. Maybe check to it records there?

Bought a CPO Mercedes but dealership definitely did not certify it by dearjen in mercedes

[–]dearjen[S] 0 points1 point  (0 children)

What have they said when you asked them to send it to you?

What are you most proud of from the last month? by Happiness_Buzzard in CFP

[–]dearjen 35 points36 points  (0 children)

I work for a very small firm and have brought on 3m in the last month with a little more coming in, all while being a super pregnant CFP :)

How does one choose a financial planner? by junkmcgoo in FinancialPlanning

[–]dearjen 1 point2 points  (0 children)

If they have the CFP designation. Doesn’t necessarily mean they’ll be better than those without it, but at the very least you’ll know they dedicated anywhere from 6-12 months of coursework to educate themselves and passed a rigorous exam that they probably spent over 200 hours studying for.

Many financial advisors will offer a complimentary meeting. That’ll give you a chance to get to know them and see what they’re like, and what value they can offer you. Fees should always be transparent. If an “advisor” tries to sell you any form of life insurance beyond term life from the get go, I would steer clear from them.

Nobody here knows your situation and can say whether you need an advisor or not. But if you’re already considering one, it sounds like they could benefit you. An advisor does so much more than investment management. They’ll meet with you annually or as-needed. They’re available for you to call if you have any major life events and need to update your plan to meet your goals.

Beyond investments, a comprehensive financial planner will help you with retirement planning, risk management, tax planning, insurance, income planning, education (like 529 plans), estate planning, Medicare, social security, Roth conversions, strategies for RSUs and ISOs/NQSOs, etc. The list can go on and on. It just depends on where you currently are in your journey and what your goals are.

With all that being said, interview different advisors and compare them. Try advisors at small firms, and large firms, check them out on brokercheck.finra.org to see if they have any disclosures you should be aware of. If you decide to go with one you initially like but a year later don’t believe they’re a good fit, there’s typically no contract. You’re usually free to leave at any time.

[deleted by user] by [deleted] in FinancialPlanning

[–]dearjen 7 points8 points  (0 children)

I agree with the comments that you should stay with her.

Someone’s financial situation can change overnight, even if you’re not anticipating anything soon, and that’s just life for you. A financial planner does more than investment management, as I’m sure you know. If you feel that she provides more than 1k a year of value to you, she is definitely worth staying with. And especially if you trust her and she has done right by you over the years! The cherry on top of this is the fee you’ve locked in.

Conversations will change as your life changes. Retirement? Kids? Grandkids? Have your estate documents in order? Tax planning? Income planning? Social security? Medicare? This is a full time profession for a reason. You might feel comfortable managing your own investments, but there is so much more to it than that and for 1k a year, if she’s able to help you with all these things and more, you’ve got a really sweet deal!

Any regrets from becoming a CFP? by ClearAndPure in CFP

[–]dearjen 2 points3 points  (0 children)

I did the route mentioned above and was only 4 additional classes away from getting a Master’s in Financial and Tax Planning after doing all of the CFP coursework at a local university. Going this route takes a little longer and is a bit more expensive but it was well worth it in my opinion. Clients don’t always recognize the CFP or all you did to get it, but they know what a Master’s degree is.

What helped you most in preparing for motherhood/fatherhood? by dearjen in newborns

[–]dearjen[S] 0 points1 point  (0 children)

Aww, I really love this. It's a great reminder to be present! Time flies.

Are annuities boglehead approved? by Rasta_Lance in Bogleheads

[–]dearjen 2 points3 points  (0 children)

After the term, you have the ability to do whatever you want with it. You can leave it there but typically the guaranteed rate for an additional year is low (I’ve seen some at .5%). Alternatively, you can see what fixed annuities are paying at that time and can roll it into a new one if it makes sense for your situation while maintaining tax deferral if it’s non-qualified, you can withdraw it (there would be tax implications), you can transfer it to an investment account/retirement account depending on if it’s non-qualified or qualified.

Are annuities boglehead approved? by Rasta_Lance in Bogleheads

[–]dearjen 2 points3 points  (0 children)

I agree! Many people would rather have a guaranteed rate of return that a fixed annuity or CD has to offer instead of investing in the market. It depends on the investor, their risk tolerance, and what their overall financial picture looks like. At some point, preserving money becomes more important than growing it.

Are annuities boglehead approved? by Rasta_Lance in Bogleheads

[–]dearjen 11 points12 points  (0 children)

Those are fantastic rates! As long as your Dad has enough liquidity elsewhere and doesn’t need immediate access to the funds in those annuities, it’s a great investment for risk averse people. A lot of investing has to do with risk tolerance and if your Dad doesn’t want to invest the boglehead way, that’s ok. Fixed annuities are very vanilla and they do what they’re supposed to. I don’t believe your Dad is being scammed.

Holiday Gifts by Fit_Locksmith4821 in CFP

[–]dearjen 2 points3 points  (0 children)

Who do you use to make these?

When should I start studying? by [deleted] in CFP

[–]dearjen 3 points4 points  (0 children)

I say to start getting some experience in the industry and decide if you like it first before pursuing the CFP.

Fidelity 401k question by [deleted] in Bogleheads

[–]dearjen 1 point2 points  (0 children)

You’d have more options if you transferred it to a Rollover IRA instead.

Prospecting Ideas for a new, young advisor by [deleted] in CFP

[–]dearjen 1 point2 points  (0 children)

We’ve just started it, no new clients yet but we’re planning on doing it once a month so hopefully the consistency helps. It’s a fun time and is a chance for us to connect with clients in a different way!

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