Doing All the Right Things — and Feeling Frustrated

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Doing All the Right Things — and Feeling Frustrated

Aug 12, 2013

Financial planning advice for same-sex couples

Q: Do you know of any good resources for finding financial planning for same-sex couples? We live in the D. C. area. With the Supreme Court ruling this summer, I’m at a loss to figure out how this will affect my husband and I, especially with taxes. We’ve tried asking friends, but we’re all in our mid-20s, so nobody else has looked into this.

A: Although you have some unique challenges, you shouldn’t have any problem finding a good financial planner. Just be sure the one you select is familiar with recent changes in the law concerning same-sex couples. In fact, your planner should work with a tax professional.

If your equally young friends aren’t getting advice from a planner, try older co-workers. You can also find an adviser through the Financial Planning Association. You can search for a planner by city, state, Zip code or specialty. Check with the National Association of Personal Financial Advisors, which is the professional association of fee-only financial planners. The Certified Financial Planner Board of Standards also has a search tool for planners. Be sure you ask how your financial planner is paid, which can vary from a commission, hourly fee, annual retainer or percentage of assets managed. Read more >

Washington Post
Michelle Singletary
August 12, 2013
Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call themselves a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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