Jill on Money: Ignore Suze Orman and Dave Ramsey?

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What if everything you thought was true about the personal financial industry wasn't? Author Helaine Olen has written a terrific book "Pound Foolish: Exposing the Dark Side of the Personal Finance Industry" that confirms many of your worst fears. She says Suze Orman doles out contradictory advice; Dave Ramsey continues to peddle 12 percent stock market returns; and so-called financial planners are often conflict-ridden salespeople who don't put their clients' first.

Maybe that's why we often field questions from listeners who work with advisors and want a second opinion. Paula from KY works with a CFP who thinks she might need long term care--does she? Meanwhile Joe from KY is paying 1 percent to Smith Barney to manage an old retirement and is wondering whether they deliver enough value to justify the cost.

Paul from TX has accumulated a $4 million nest egg that is mostly invested in tax-free bonds. Should he add other asset classed to the mix? Although his asset base is a tenth of Paul's the retirement planning steps are exactly the same for Dale from NY, who has $400K in various accounts. I help him calculate future retirement income, which will influence when he decides to retire.

Susan wrote about converting some of traditional IRAs into a Roth IRA. The answer is a bit more complicated because she has a daughter who will be applying for college financial aid.

Michael wants to know the difference between mutual fund share classes. Remember that even if you are investing with a no-load fund company, there still may cheaper share classes available for investors whose accounts meet minimum-balance requirements.

Here are web sites and resources mentioned in this week's show:

-- Jill's Blog

-- NAPFA: National Association of Personal Financial Advisors (fee-only advisors)

-- Best CD Rates

-- E, EE and I Savings Bonds

-- The ABCs of Annuities: 6 Questions to Ask

-- The Pros and Cons of Annuities

--Immediate Annuity Calculator

-- Annuity salespeople don't like me

-- Social Security: Manage your account online

-- Social Security estimator

-- When to take Social Security?

--Social Security: File and Suspend

-- Social Security: Double-Dipping

-- Medigap insurance

-- Retirement Calculator

-- Retirement Plan Required Distribution Calculator

-- Long-term Care - US government web site

-- Long term care conundrum

-- Life Expectancy Calculator

-- Life Insurance calculator

--Financial documents: What to shred, what to keep

-- Estate Planning: the Documents You Need

-- NYT Rent vs. Buy Calculator

-- Re-Fi Calculator

-- Another Re-Fi Calculator

-- Reverse mortgage info via HUD

-- Reverse Mortgages: Don't let the Fonz sell you

-- 529 plan info

-- College Loans: What you need to know

-- Student Loan Consolidation

-- National Foundation for Credit Counseling

Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:

Call 855-411-JILL and we'll schedule time to get you on the show LIVE

Send an email: askjill@jillonmoney.com

Tweet me: @jillonmoney

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    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.