Re: Online tools vs. financial planner

How much time and attention can you put into this effort? How large are your
assets? These on-line sites are generic in their advice, do you have
requirements or issues that make your account an exception to the rules? Is
doing it yourself the highest and best use of your time?

A financial planner is much like any other contractor that you use. You can
build your own house, fix the plumbing, wire the electricity or fix your car
but you will go out and get a professional because that person has
experience, education and other skills that makes his doing it more
effective than you.

If the planners that you have talked to have not given you the confidence to
use them, find one that does or if you can't then it may merit doing it
yourself.

"GaryM" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> A number of firms that want to manage my money for retirement say they
> do it better than anyone else.  However, it sounds to me like they
> mostly use tools such as financialengines.com. Since I am looking for
> an asset allocation systems with rebalancing, I am wondering about
> paying the 1.5% management fees from most of these firms compared to
> using financialengines.com.  They sound pretty much the same except
> for the personal touch.
>
> Has anyone compared or have experience in this area?
> Regards,
> Gary
>