According to statistics, an estimated 13% of the American population is 65 years of age or older. And while this means that a significant percentage of people have survived a variety of social changes, historical events, and personal struggles, research shows that the average individual in this group has been unable to turn their experiences into financial success: only 77% of Americans over 50 report that they keep track of all their financial assets, and only 37% of all American workers have calculated how much money they will need to save for retirement.. Unfortunately, these numbers are representative of a population that is largely inexperienced in matters of financial planning: research shows that only 4% of individuals who work from age 25 to 65 will have adequate funds stored to retire in the United States Therefore, if you are considering your retirement, finding an investment advisor is more important than ever before.
Certified financial advisors are trained to assist their clients in the creation and completion of short term and long term financial goals. As such, the services they offer are often numerous: a licensed investment advisor will provide risk management services regarding asset protection, allocation, portfolio management, and advise clients on worthwhile and risky investments, and constantly evaluate their client’s financial situation, ranging from assets, liabilities and income to their insurance, taxes, investments and estate plans. They are active participants in their client’s financial journey, whether they are focused on asset allocation or retirement planning.
The average age for retirement in the United States is 62 years of age. Regardless of your age, given the difficulty of reserving enough funds for retirement in the United States, it is important to start preparing your finances both safely and successfully as early as possible. And for the average person, finding an investment advisor is often the best method of doing so: as someone used to the finely-tuned art of navigating the financial market, a financial advisor can use their experience and knowledge to help your finances grow. If you’re considering retirement, don’t wait: find a financial advisor in your area today.