How to Choose a Retirement Planner

by Pete McCall, MS on Dec 02, 2014

Working with a financial planner can help you make sense of the retirement plans that apply to you and help you identify the best solutions for your needs, says Taylor Schulte, CERTIFIED FINANCIAL PLANNER® and founder of Define Financial in San Diego. “

Because it’s not easy for a couch potato to jump right into a 5-day-a-week workout plan, a good trainer might start with 1 or 2 days and slowly add more as the client begins to make exercise a regular habit,” he says. “The same idea can be applied to your retirement plan.

A planner can help you establish a plan and start with a small, monthly contribution—maybe it’s $20 per month. As you begin to get more comfortable with the process, you can consider adding more where you see fit.”

When it comes to selecting a financial professional, it is important to know how the planner is compensated for his or her time.

A commission-based financial advisor receives a commission when he or she buys or sells a financial product for a client. On the other hand, a fee-only planner does not receive commissions of any form and instead charges a flat fee for providing advice and assistance. This fee is typically billed as a percentage of the investments being managed, a flat project fee, a monthly fee or even an hourly fee.

Schulte explains that the benefit of working with a fee-only planner is to “help eliminate conflicts of interest and receive objective, unbiased advice.”

Contrary to popular belief, you do not need to have a lot of money to start working with a financial planner. Schulte offers monthly and hourly fee schedules to accommodate young professionals who are just starting their careers. Just as you want to develop a relationship with your training clients so as to maintain their business, a good financial planner wants to keep your business for the long run.

To find a planner in your area, go to

To view the full article which ran in the November 2014 issue of the IDEA Fitness Journal click here.

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About the Author

Pete McCall, MS

Pete McCall, MS IDEA Author/Presenter

Fitness is all about having the energy and vitality to do what you want to do when you want to do it. Whether you want to add lean muscle mass, compete in an obstacle course race, earn that next pro contract or play with your kids (or grandkids) exercise can help you enjoy your life to the fullest and my role as a personal trainer is to help you achieve that potential. Host of the All About Fitness podcast, blogger (for a variety of fitness companies), public speaker and author. For the past number of years I've been an educator working for the largest personal training certifications: the American Council on Exercise (ACE) where I helped create a wide variety of education to support how fitness professionals work with their clients, and the National Academy of Sports Medicine (NASM) where I teach online courses for people preparing for the NASM personal trainer certification exam. I've had the opportunity to teach workshops to personal trainers around the world and have been quoted in numerous publications (NY Times, LA Times, Washington Post, Shape, SELF, etc...) but the bottom line is that I enjoy helping people change their lives and achieve their maximum potential through exercise. If your goal is to use exercise to enhance your life and you're in the San Diego area, then please contact me to learn how I can help support that objective.