5 Downsides to DIY Financial Planning

Even the savviest investors can fall short in several key ways with their retirement decisions.

(Image credit: © Bart Sadowski)

Resources for do-it-yourself financial planning are plentiful these days. There are websites with retirement calculators, guides and apps you can download and automated algorithm-based investment advisers that will tell you what to buy, hold or sell.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Alan E. Becker, Investment Adviser
Founder, President and CEO, Retirement Solutions Group

Alan E. Becker is founder, president and chief executive officer of Retirement Solutions Group and RSG Investments, where he assists retirees and pre-retirees in the creation of retirement strategies. These strategies may include the use of insurance and investment products. He is the author of "Return on Investment or Reliability of Income? The True Meaning of ROI in the Golden Years." He is also the host of "Retire Right Radio with Alan Becker." Becker maintains a Series 65 securities qualification as well as insurance licenses in multiple states.