In this archive, Jim and Rick discuss the definition of financial planning, how and when to work with a financial planner, how this industry has changed over the years and where it's going. Rick and Jim answer a caller's question about how to save for a child's education. They discuss several of the options, including an Education IRA, and state sponsored investment programs.

Rick joins Jim to explain how the financial planning industry works, including the various types of financial planners, their designations and credentials, and how each of them work with you and how you should work with them. They take a caller who asks a question about annuities. Another caller asks a question about Roth IRAs. Rick's answers are excellent. Rick and Jim also talk about the special investment assistance small business owners need, since their personal and company financial resources are often difficult to differentiate.