 TITLE: How to Make a Financial Plan CONTENT: Should You Get Financial Planning Help?\n---------------------------------------\nAre you overwhelmed by the thought of creating a financial plan? If so, you might want to consult a financial advisor. Only 18% of U.S. adults turn to financial advisors for retirement advice, according to a 2019 survey commissioned by the Certified Financial Planner Board of Standards.\nFinancial advisors provide advice to clients about matters like investments (including mutual funds, stocks and bonds), taxes, insurance and estate planning. Financial advisors strive to help clients achieve short-term and long-term financial goals, and may invest money on behalf of the client depending on the type of advisor and your preference. While robo-advisors do not offer this kind of hands-on assistance, they can help carry out investment decisions.\nOne of the most common types of financial advisor is a certified financial planner (CFP). These planners might work at a bank or investment firm, or operate their own firm. Certified financial planners must adhere to rigid requirements set by the Certified Financial Planner Board of Standards. One thing to keep in mind about CFPs is that some receive commissions or fees on investments and other financial products, while others make money only from fees paid by their clients. END