https://community.aarp.org/t5/Retirement/Certified-Profeesional-Planner-for-IRA-RMD/m-p/2671438#M8862 <P>You could lose money too, you won’t know. Depends on how good the person is.</P> Sun, 24 May 2026 13:36:45 GMT SereneSeagull 2026-05-24T13:36:45Z https://community.aarp.org/t5/Retirement/Certified-Profeesional-Planner-for-IRA-RMD/m-p/2671435#M8861 <P>I am 73 years old and have to withdraw the required RMD from my mutual fund IRA which is a fairly substantial amount.<BR />Can I hire a Certified Financial Planner to handle my RMD (i.e., Roth IRA, etc.) as a one-time transaction or must I hire the CFP full-time to manage my entire financial portfolio (cd, mutual funds, Social Security, etc.) for what could be a multi-year deal at about $5,000 a year?<BR />Also, if I do hire a CFP to handle all of my finances at $5,000 a year, would it be expected that the CFP would save me money and make me more money that would offset the $5,000 fee?</P> Sun, 24 May 2026 13:26:45 GMT https://community.aarp.org/t5/Retirement/Certified-Profeesional-Planner-for-IRA-RMD/m-p/2671435#M8861 dragon53 2026-05-24T13:26:45Z https://community.aarp.org/t5/Retirement/Certified-Profeesional-Planner-for-IRA-RMD/m-p/2671438#M8862 <P>You could lose money too, you won’t know. Depends on how good the person is.</P> Sun, 24 May 2026 13:36:45 GMT https://community.aarp.org/t5/Retirement/Certified-Profeesional-Planner-for-IRA-RMD/m-p/2671438#M8862 SereneSeagull 2026-05-24T13:36:45Z