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I Need to find a GOOD/HONEST fee-for-services Financial/Tax/Pension/Legal advisor firm. George 01-10-2007
Posted by George on January 10, 2007, 9:57 pm
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 On a retirement group I asked a complicated question on IRA
taxes. You don't need to read all that. I did not do
anything with the answers, except try to get my personal
financial papers together, and have not even been able to do
that.

I live in a suburb of Washington, DC, so there are thousands
of people around who claim to do one or all of the services
I am looking for. The trouble with having too many is that I
don't know how to find the "final four," so to speak, who I
might be able to pick from.

My situation now is that of a widower with no dependents,
although I would like one. I am 71 1/2 with some IRA
savings, a home mortgaged up to 45% of its current market
value, steady, moderate government pension, plus a few more
smaller sources steady and safe income.

What is the best way to research this question? How will I
find the right adisors for me. I have a moderate income, so
that complicates things somewhat, since I want to hire a
FEE-BASED individual or company to help me with some fairly
complicated issues. I was going to put them all down here,
but I know that I have to get to a professional right away,
before I manage to screw things up any further than I have
already. I do expect to pay up since any service in this
geographic area is going to be expensive.

I will appreciate your advice.

George

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<< that may be imposed upon the taxpayer. >>
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Posted by Benjamin Yazersky CPA on January 13, 2007, 2:12 am
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> On a retirement group I asked a complicated question on IRA
> taxes. You don't need to read all that. I did not do
> anything with the answers, except try to get my personal
> financial papers together, and have not even been able to do
> that.
>
> I live in a suburb of Washington, DC, so there are thousands
> of people around who claim to do one or all of the services
> I am looking for. The trouble with having too many is that I
> don't know how to find the "final four," so to speak, who I
> might be able to pick from.
>
> My situation now is that of a widower with no dependents,
> although I would like one. I am 71 1/2 with some IRA
> savings, a home mortgaged up to 45% of its current market
> value, steady, moderate government pension, plus a few more
> smaller sources steady and safe income.
>
> What is the best way to research this question? How will I
> find the right adisors for me. I have a moderate income, so
> that complicates things somewhat, since I want to hire a
> FEE-BASED individual or company to help me with some fairly
> complicated issues. I was going to put them all down here,
> but I know that I have to get to a professional right away,
> before I manage to screw things up any further than I have
> already. I do expect to pay up since any service in this
> geographic area is going to be expensive.

try making an inquiry of the local/state CPA society

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Herb Smith on January 15, 2007, 2:07 am
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George wrote:

> On a retirement group I asked a complicated question on IRA
> taxes. You don't need to read all that. I did not do
> anything with the answers, except try to get my personal
> financial papers together, and have not even been able to do
> that.
>
> I live in a suburb of Washington, DC, so there are thousands
> of people around who claim to do one or all of the services
> I am looking for. The trouble with having too many is that I
> don't know how to find the "final four," so to speak, who I
> might be able to pick from.
>
> My situation now is that of a widower with no dependents,
> although I would like one. I am 71 1/2 with some IRA
> savings, a home mortgaged up to 45% of its current market
> value, steady, moderate government pension, plus a few more
> smaller sources steady and safe income.
>
> What is the best way to research this question? How will I
> find the right adisors for me. I have a moderate income, so
> that complicates things somewhat, since I want to hire a
> FEE-BASED individual or company to help me with some fairly
> complicated issues. I was going to put them all down here,
> but I know that I have to get to a professional right away,
> before I manage to screw things up any further than I have
> already. I do expect to pay up since any service in this
> geographic area is going to be expensive.

Talk to your like-minded and situated friends and compile a
short list of the advisors they use and trust. Nothing is as
good as satisfied customers.

Interview the names on the short list, ask the right
questions, and make your selection based on the answers
received. It sounds like you know what you don't like. A
fee-based financial advisor should run about 1% of the
assets per year under their management.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by HW \"Skip\" Weldon on January 16, 2007, 3:34 am
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> Interview the names on the short list, ask the right
> questions, and make your selection based on the answers
> received. It sounds like you know what you don't like. A
> fee-based financial advisor should run about 1% of the
> assets per year under their management.

I am unsure whether the OP wanted a money manager (who
charges a percentage of assets under management) or merely a
fee-only hourly charge to work through specific issues.
Perhaps the OP will clarify.

-HW "Skip" Weldon
Columbia, SC

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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