learn what other users had to say about

the Price of Retirement Planning Services

Price 
Location 
Submitted by  
Description
$ 1400
Sep 2006
Dallas, TX
Found planner through work seminar  more... close row
$ 0
Jul 2006
Oakland, CA
Teacher's retirement planning  more... close row
$ 0
Mar 2006
Boca Raton, FL
Job offered a complimentary consultation for retirement  more... close row
$ 20
Mar 2008
Syracuse, NY
Retirement planning over the phone  more... close row
$ 450
May 2006
Little Rock, AR
Next step in retirement planning  more... close row
$ 750
Feb 2007
San Diego, CA
Financial advice upon retirement  more... close row
$ 100
Jun 2008
Cincinnati, Ohio
Financial planner gave whole range of options  more... close row
$ 300
Jun 2007
Cleveland, OH
Should be able to get this type of service for free  more... close row

Description of service

I used a retirement planning service through a major company. I am only about 24, so I did not have a very complicated picture.

This financial/retirement planner charged me $300 per year for about a 1 hour session once per year. I felt like that was a total rip off.


Review of Service

The lady that I went through was not referred to me. I found this service online. I would recommend going through someone you know or getting a good recommendation.

One huge problem with the service was that they invested my money in only their companies mutual fund option. I imagine that they make a killing from that. Needless to say, the mutual fund didn't even do very well.

Now, there is even a lawsuit pending against them because they only invested their clients monies into their own funds.


Tips

Definitely go through a reputable company for this, or get this type of service free if you can through your employer. Paying $300 for 1 session is a huge rip off. Now I manage my own finances through an online company and buy and research the stocks and mutual funds myself. I feel like I have my own best interest in mind, more than someone else.


$ 0
May 2008
San Francisco CA
Bank provided free financial planning services for customers  more... close row
$ 0
Apr 2007
San Diego, CA
Free consultation when opening 401(k)  more... close row
$ 100
Apr 2007
Chicago, Illinois
Service not worth quite this much  more... close row
$ 500
Apr 2008
Chicago, Illinois
Wanted to improve credit and plan for retirement  more... close row