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Published on Saturday, October 11, 2008
By LA Daily News Staff Writer
SAVINGS: Advice to follow when hiring a financial planner.
The stock market shed almost 40 percent of its peak value in the past few days, wiping out at least $2 trillion in Americans' retirement savings.
Is it time to call in a professional?
While financial planners can't revive Wall Street, they can help investors chart a course for financial health once markets do rebound. Here's what you need to know:
Anyone can hang out a shingle claiming they're qualified to offer financial advice.
But those accredited by the Certified Financial Planner Board of Standards have completed a course of study, passed an exam and have at least three years of experience. They must get recertified every two years
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