diff --git a/app/views/deliverables/_finance_form.html.erb b/app/views/deliverables/_finance_form.html.erb
index d4118fa..b77a973 100644
--- a/app/views/deliverables/_finance_form.html.erb
+++ b/app/views/deliverables/_finance_form.html.erb
@@ -1,5 +1,9 @@
 <% form.inputs :name => label, :class => "deliverable-finances #{fieldset_class}" do %>
 
+  <li style="display:none;" id='retainer-finances-message'>
+    <%= content_tag(:p, l(:text_retainer_monthly_message)) %>
+  </li>
+
   <li class="numeric optional">
     <%= content_tag(:label, l(:field_labor)) %>
     <table id="deliverable-labor" class="deliverable_finance_table">
diff --git a/assets/javascripts/contracts.js b/assets/javascripts/contracts.js
index 247b391..5d37437 100644
--- a/assets/javascripts/contracts.js
+++ b/assets/javascripts/contracts.js
@@ -48,12 +48,20 @@ jQuery(function($) {
     if (deliverableType == 'FixedDeliverable') {
       showDeliverableTotal();
       hideDeliverableFrequency();
+      $('#retainer-finances-message').hide();
     } else if(deliverableType == "HourlyDeliverable") {
       hideDeliverableTotal();
       hideDeliverableFrequency();
+      $('#retainer-finances-message').hide();
     } else if(deliverableType == "RetainerDeliverable") {
       hideDeliverableTotal();
       showDeliverableFrequency();
+      if ($('form.deliverable #deliverable_stored_id').val() == '') {
+        $('#retainer-finances-message').show();
+      } else {
+        $('#retainer-finances-message').hide();
+      }
+
    }
   },
 
diff --git a/config/locales/en.yml b/config/locales/en.yml
index f96dd41..7a82241 100644
--- a/config/locales/en.yml
+++ b/config/locales/en.yml
@@ -66,3 +66,4 @@ en:
   text_missing_period: "This deliverable is missing a date range so it cannot have budget items. Please save start and end dates before adding any budget items."
   text_changed_period_message: "The period for this deliverable has been changed. Would you like to expand/shrink the Deliverable Finances?"
   field_current_period: "Current period"
+  text_retainer_monthly_message: "For a single month"