financial advisers

  Carl Richards is a certified financial planner and a columnist for the New York Times. In his latest book, Richards shares the one question that should be at the heart of your personal finance strategy: “Why is money important to me?” 

  Last week, U.S. stocks had their worst one-day drop since February as traders worried about weak corporate earnings and the looming end of economic stimulus from the Federal Reserve. In mid-July, the Dow Jones was over 17,000; by last Friday it had dropped to just under 16,500. We look at the recent volatility in the stock markets, how it affects the average investor, and what those who see their retirement accounts losing value should do.

  Do you need a financial planner or advisor? The answer is a resounding maybe. Everyone's situation is different, but there are stages in life when it could be beneficial to have a professional help you with your finances. Then you have to do your homework, learn how planners make their money, how they are regulated, and what all those letters after their names -CPA, CFP, CLU, or CFA - mean.