Hi! This is Sachin from mumbai,34,married,wish to go for financial planning to achieve my goals.I work in gems & jewellery industry & my total income is Rs 30k per month & am able to save around 7k per month.My wife (law grad) is jobless currently as she is pregnant and expecting a baby in april 2011.Her income was around 15k per month & she may resume job in nov 2011 (considering the recovery period after pregnancy).For financial planning they usually charge 15-20k for the plan & 12-15k per year for plan review each year.So my queries are-
1)In my case,will it be a wise decision to go for financial planning by spending that much amount? Or
2)Should I save the same fees by planning myself? Or
3)Should I postpone the decision of FP till my wife resumes work?
4)If I should go for FP that planner should be CFP or CFA?
5)He should be INDEPENDANT or FROM the Financial planning firm(corporate-where they operate as a group)?
6)How to select a FP?
Pls guide me.