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Absolutely do you not have to follow a financial planners advice, and if during your interaction with them over time, they arent achieving what you want, you should move on to another advisor.

Financial planners should not be treated as a friend or relative... they are a customer of you and you are in charge. Your finances are your responsibility, and if you do not treat them as important, they will not respond the way you would like.

We spend more time researching a car than we do studying and learning about finances for the goals we desire to achieve. Would you want your retirement to be in the hands of someone who has not responsibility for it?

We see the commercials on television of the people who have changed jobs over 10 years, have 401K's with each of their companies floating around where they dont even know what money they have, or perhaps where it is and what it is doing. This is indicitive of our selfish society and self-gratification atitutdes. Financial planning and study isnt fun to most of us, and as such, we dont want to have to deal with it.

It is an attitude change for sure. Once you say to yourself I cant learn this, or I dont want to have to deal with this, you wont do either. And when you turn 50 and see what your retirement nest egg looks like, you will kick yourself when you realize that you might not have what you want in your accounts to live the retirement you desire.

And the little amount of time you could have taken 20 years ago, is now accestuated by the fact that in those 20 years, you could have used the time factor of investing, and not the money component to grow your nest egg. At age 50, your are more limited to the money component.

Learn more about this author, Kenneth Schortgen Jr.
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