When a financial crisis crops up, you grit your teeth, your blood pressure spikes and you pledge to bear down and make the right decision.
And that's exactly why you might make the wrong decision. In retirement, it can be harder to bounce back.
"When you get emotional about a tough choice involving money, you're more likely to make a mistake," said Eleanor Blayney, [CFP®] consumer advocate for the CFP Board of Standards, which grants the CFP designation to qualified planners. "A professional adviser can help take emotion out of your decision-making."
The trouble is that many do-it-yourselfers don't realize when it is time to call in an outside expert. Read more >
Investor's Business Daily
January 17, 2014