What Can We Help Answer?
What is a fiduciary?
A fiduciary is the highest standard because the financial advisor must legally put their client's best interests above their own. Furthermore, all conflicts of interest must be disclosed. The fee you pay is just that, a transparent way of doing business since there are no hidden costs. It is truly a more straigtforward way of doing business with your financial planner.
What is "fee-only" and why does it matter?
What is a Certified Financial Planner? (CFP)
Unfortunately, too many professionals call themselves financial planners, even when they are not. However, advisors who have successfully satisfied the CFP Board's certification requirements are permitted to use the CFP® designation marks. Doing so represents a high degree of compentancy, professionalism, and ethics. A much better way of verifying if your financial planner truly is one.
What is a Chartered Retirement Planning Counselor? (CRPC)
Entire retirement planning process
Meeting multiple financial objectives
Sources of retirement income
Employer-sponsored retirement plans
Retirement cash flow
What's in it for me? (the client)
What do you charge for our first meeting?
What is your investment minimum for working with clients?
Why do you charge a minimum of $175/mo. and an initial plan implementation fee ($500-1,500) for your comprehensive planning services?
Why 3 types of services? How to I choose the right one?
Who we serve:
Who is your typical client?
Can I afford this house?
Which investment funds should I pick inside my 401(k)?
How much should I save for retirement?
Can we afford to send our kid to this college?
How do I best pay back my student debt?
Am I on track to retire when I want to? If not, what should I do?
Do I have too little or too much life insurance to protect my family?
What makes Mellen Money Management different?
How did you come up with the name Mellen Money Management?
The firm was named after the founding partner's (Scott Snider) grandparents, who helped pave his way to an affordable college education. Without their generosity, Scott would have been stuck climbing out of student debt, much like so many young professionals are today.