I feel like an idiot having to post this but here goes...A friend of ours referred us to a "financial planner". He went on and on about how amazing she was and how we really needed to take her advice on investing our money. We are in our late 40s and finally have a little savings. We have worked really hard to save some money and it's scary to let it go but we started thinking that maybe we should do something to help grow it. Fast forward, this lady hounds us and we finally meet with her. What she says seems really great and she advises us that our first step is to invest in whole life insurance. She says that should be our first long-term goal. I'm not opposed to that and I don't think it's necessarily bad advice, but what threw me for a loop was, about 5 meetings in with this lady, we figured out she worked for the insurance company Northwest Mutual. She was so good at talking circles, we thought she was purely a financial advisor who would be advising us on our money from an unbiased perspective. I feel like such a moron for not figuring it out earlier. Anyway, we can cancel this insurance policy - not sure how much we would lose - but I feel uneasy that she wasn't clear from the start. How do we even know Northwest Mutual is the best company? We know it's expensive. Is it good? She's obviously not going to tell us about other companies. But maybe Northwest Mutual is a good company and we should stick with it. I thought I was over getting tricked and scammed. I'm usually so cautious. I can't believe I was fooled in this way. But I don't know much about investing. We just want to talk to someone who knows money but doesn't have an angle. Any advice? Any idea where I could maybe take a financial planning course or something? Thank you in advance!
Submitted January 22, 2018 at 03:58PM by moonunit777 http://ift.tt/2DzJinJ
