Financial Planning

A One-Time Financial Checkup

Most advisers in the Garrett Planning Network charge $150 to $300 per hour, or $600 to $1,500 for a one-time financial review.

My husband plans to retire in about four years. We’d like to see a financial planner for a one-time checkup to make sure we’re on the right track. How do we find someone who will do this, and how much will it cost? --D.F.G., South Windsor, Conn.

 

Try the Garrett Planning Network, which has more than 300 fee-only financial advisers throughout the country who charge by the hour. Member advisers taking on new clients must offer one-time financial checkups as one of their services. Most of the advisers charge $150 to $300 per hour, or $600 to $1,500 for a one-time review.

Many members of the Alliance of Cambridge Advisors also offer one-time checkups, as do some members of NAPFA, a national association of more than 2,400 fee-only financial advisers.

The scope of services can vary. Margot Dorn, a certified financial planner in San Diego, charges $210 per hour for retirement planning, cash-flow analysis, investment advice, and insurance and estate-planning reviews. Basic planning, she says, takes one to three hours; detailed retirement projections and investment allocation can take longer.

You may also have access to advice through your 401(k) plan or brokerage firm. Vanguard will connect you by phone to a financial planner who will assess your progress toward your retirement goal, discuss asset allocation and show how much you can safely spend in retirement (the fee is $250 for clients with $50,000 to $500,000 in investments at Vanguard).

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 10 Best Closed-End Funds (CEFs) for 2022
CEFs

The 10 Best Closed-End Funds (CEFs) for 2022

These high-yielding CEFs won't just significantly boost your portfolio income. They'll also allow you to buy their underlying stocks and bonds at a di…
January 12, 2022
Sweet Silicon: 5 Superb Semiconductor Stocks for 2022
stocks

Sweet Silicon: 5 Superb Semiconductor Stocks for 2022

If 2021 was a good year for the chip industry, 2022 could be downright great. Here are five semiconductor stocks if you're seeking out growth.
January 11, 2022

Recommended

The “Gray Resignation” with Liz Windisch
Making Your Money Last

The “Gray Resignation” with Liz Windisch

Pandemic pressures (and high stock and real estate values) are leading many to try to move up retirement. Plus, tax-filing season gets under way.
January 25, 2022
The 4 Phases of Retirement
retirement

The 4 Phases of Retirement

Retirement means more than no longer working 9 to 5. There are four phases of retirement, and you should be prepared for each one.
January 24, 2022
22 Best Retirement Stocks for an Income-Rich 2022
dividend stocks

22 Best Retirement Stocks for an Income-Rich 2022

Ideally, your retirement stocks will help you generate a sizable and reliable income stream. These 22 dividend payers make the grade.
January 21, 2022
12 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement

12 Questions Retirees Often Get Wrong About Taxes in Retirement

You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
January 21, 2022