StarTribune - Free, no-strings financial advice offered Saturday - October 24, 2014
All are invited to the Twin Cities Financial Planning Day, a free event held on Saturday.
Retiree Bob Saumur of Coon Rapids wondered how he and wife could safely spend without being broke in 15 years.
Anne Saevig of Bloomington asked about refinancing her home.
Kate Thompson, a 28-year-old in St. Paul, wanted advice on retirement planning.
All attended last year’s Twin Cities Financial Planning Day, an annual free event put on by the Financial Planning Association of Minnesota since 2010. This year’s event will be held Saturday in St. Paul.
The event doesn’t discriminate on income. Whether an attendee has failed to plan or is wondering if $1 million is enough to retire — everyone is welcome.
Saevig liked the emphasis on educating, not selling. “The planner I talked to told me his qualifications and gave me ideas about refinancing, but he didn’t pursue me about meeting again or give me his business card,” she said. “He didn’t even ask me to call him.”
The lack of sales pressure is no accident. Financial planners volunteer their time, but they cannot pass out business cards, market materials or sell products and services at the event, said Jason Plank, a certified financial planner and the chairman of the Financial Planning Association of Minnesota.