I've asked my financial-planning questions, so what's next?
ACS Answer
Now it's time to evaluate how the financial planner answered your questions.
- Were the answers thoughtful and open?
- Did the planner seem knowledgeable?
- Did the planner have experience in working with cancer survivors?
- Do you feel the planner understood your situation?
- Did the planner seem to be objective, or did the planner seem more interested in selling financial products or asset management services?
- Do you feel there was a good "fit" between the two of you?
- Do you feel that the planner had your best interests at heart?
If a loved one was with you, ask for his or her insight. When answering these questions, also include your "gut" reaction. Then, make your decision.
If you decide to use a planner, you may be tempted to turn over all responsibility for your finances. This is a mistake. You still need to guide and control your funds. For example, you should not write a check to a planner for the funds you own or want to invest.
When you were diagnosed with cancer, you probably didn't turn over complete control of your health. Likely, you had choices to make. Also, you had to keep your health team informed of any changes in your condition.
The same is true for your money. A planner can help you reach your goals. Still, a planner can only do as good a job as the information you provide will allow. So, before you meet with a planner, you have to be ready to talk about two tough topics: your finances and your health. Only then can a planner understand the whole picture.
Professionals have an important role to play. But, their expertise needs to be guided. After all, it's your health and your money. No one should know them better than you.
Related Resources
The American Cancer Society can provide several booklets about financial issues and cancer, upon request:
- Costs of Cancer
- Financial Guidance for Cancer Survivors and Their Families
- Financial Guidance for Those With Concerns About Cancer
- Medical Insurance and Financial Assistance for the Caner Patient (also available in Spanish)
Find books that cover this and other cancer topics at the American Cancer Society bookstore .
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