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Mistaking investing for financial planning

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Question: My friend is suggesting that I talk to a financial planner she’s so excited about. I already save nearly fifteen percent of my income and I put most of that in a very diversified family of low-cost mutual funds. Wouldn’t I be wasting my time to meet with a planner if I’m already happy with my funds?

Answer: Your problem may not be wasting time, but squandering it.

It sounds like you have an investment plan you’re happy with. Great. But that’s not a financial plan. It’s only a part of a financial plan.

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