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Kiplinger
Kiplinger
Business
Jennifer Lahaie, RICP®, CTS™, CAS®

DIY Retirement Planning: A Smart Move or a Risky Endeavor?

A woman has falling wallpaper draped over her head while she stands behind a man who looks very pleased with the work he's done.

Over the holiday break in December, my family and I decided to repaint my daughter’s room and bathroom. We looked for professional help, but the price was high enough that we could do it ourselves for less. Once we got the paint and went to work, however, we realized how much time it was going to take. From three coats of paint and time to dry to the difficulties of painting the ceiling, our time off was spent working instead of enjoying quality time with one another.

There are lessons here for personal finance. Managing a financial plan involves constant management. Do you want to save money and do it yourself? Or do you want to hire a professional to give it the attention it requires? There are a few important things to consider when choosing a direction for your financial plan.

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