Is the ChFC a Worthwhile Designation?

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Mar 16, 2011 1:44 pm

I earned this designation, and am wondering if I should keep it up by paying bi-annual dues, does the ChFC matter enough to warrant these ongoing dues?

Mar 16, 2011 3:10 pm

As a consumer, I'm never impressed with fancy designations. Mostly because the person doesn't articulate what the acronym stands for or what it means.

My experience with the CFP designation, leads me to believe that it's an expensive way for a client to buy an annuity. 

The only designation that now seems to be really important, are the retirement plan designations. Because...they're required.

That stuff is of course, just a shake down for the lucrative business of regulatory bodies and continuing education... Think about how much money is now swirling around in that arena??

Mar 16, 2011 4:55 pm

Of course you should keep your designation. A CFP would be better.  Big, apparently  the poor weather and implied lack of golf have given you cabin fever on the brain.

The use of my CFP has been to network in person, on the golf course and in nonprofit committees. Having CFP after your name when you are exchanging emails with people who might ask you for advice positions you as a professional.

The continuing education isn't bad, either. Your designation is respectable, too bad you apparently don't have any pride or understand what is going on in the real world. This site really need some professionals to step up if it is going to be worth visiting.

I don't get the connection between CFP and annuities, other than that you should probably believe in what you do, and do what you believe.

It would be interesting to hear from anyone here who actually has a CFP, and thinks the designation or the continuing education don't do anything but add to our profession.

Mar 18, 2011 4:23 pm

Times, didn't mean to offend you.

Mar 18, 2011 8:24 pm

Sorry,  I couldn't get back into the editor to tone it down. I have cabin fever and am in serious need of favorable playing conditions. Sunday is looking good.