Reasons Why You Should Work with an Investment Advisor

Navigating savings and debt along with reaching your financial goals is not easy to do on your own. Working with an advisor saves you the headache that comes with the process of planning for a happy and stress-free retirement.

Here are the top four reasons why you should work with an advisor to ensure you have the retirement that fits the lifestyle you want.

1.    An advisor can help with retirement planning

Planning requires time, knowledge and expertise. Fifty per cent of pre-retirees do not know how to plan for retirement.

One in four pre-retirees do not believe their retirement will be financially comfortable. Half of them expect to reach a lower standard of living in retirement than where they are at now.

An advisor can put you on the right track to be in control of your own finances and be prepared for retirement.

2.    An advisor can help you create better saving habits and accumulate more assets

Paying yourself first involves putting aside a percentage of each paycheque. But half of  pre-retirees are not saving on a regular basis [1].

Studies have indicated that those who use an advisor accumulate 3.9 times more assets. Individuals who worked with an advisor for 15 years or more increased their household assets by 290%.

3.    An advisor can help you develop a strategy to decrease debt and increase savings

4.    An advisor can help you build a plan to achieve long-term goals

An investment advisor will be able to ensure that you create firm plans to help you meet your targets to have the retirement you’ve dreamed of.

Ninety-one per cent of pre-retirees do not have a written, formal plan that maps out how much money they need to save for retirement and how they will get there .

An advisor will help you stick to the roadmap you’ve created without straying.