I read this article today and would like to share with you. Very interesting information regarding your financial planner.

Rule of thumb: Never sign your papers on your initial meeting with your financial adviser. It is important to sleep on it, check things out. I guess this is applicable to every life changing decision.

---
NEW YORK (Money) -- Question: I recently retired and visited a Certified Financial Planner on the advice of a friend. He developed a portfolio for me, at no charge, and presented me with an investment plan for a fee of 1.35% per annum. I scrutinized all the paperwork he sent me. It seems that in addition to the 1.35%, there are a number of hidden fees, including various fund fees within the portfolio that he said nothing about. What should I do?

The Mole's Answer: The first thing you should do is pat yourself on your back. I can tell you that I've never actually met anyone who scrutinized all of the paperwork their financial planner sent them, before entering into a relationship. I'm impressed.

continue reading: Money.CNN.com

---