Banks still want money in foreclosures
Twice a year, Jim Applegate, Certified Financial Planner, organizes 16 financial planners in two shifts to sit from 9 a.m. to 3 p.m. at The News-Press headquarters in Fort Myers, using its phone lines to randomly rotate financial planning questions called in by our readers.
As I have mentioned in past articles, these volunteers do not solicit your business, but help provide a brief general answer to your question to help educate you about your financial choices. Under the CFP rules of ethics, they cannot provide you with a specific investment recommendation, because they do not know your background, your risk profile, or other specific financial investments you own.
When a caller asks legal questions, the financial planner usually refers the call to either me, in the afternoon, or to attorney Wendy Morris in the morning. Most of the calls I received seem to generate from the poor economy. One caller I spoke to raised an interesting question, which I told her I would try to address in more detail in my next column.