Pre-retirees say an advisor "whom I trust and who really gets me” would have the most positive impact on their financial outlook, according to new survey by Jackson National Life.
More than 500 investors—men and women between the ages of 45 and 65 with at least $200,000 in investable assets—were asked their opinions on key topics relating to retirement, investing and financial education.
Nearly 44 percent of women and 42 percent of men said that having an advisor whom they trust and who "gets" them would make the most positive impact on their financial outlook, said Allison Pearson, an assistant vice president with Jackson National Life Distributors.
Only 17.8 percent of men and 10.7 percent of women said they felt they had the financial education needed to make important investing decisions.
More than 42 percent of men and 55 percent of women said they do not have enough financial knowledge to feel confident about making investing decisions.
Another 33.7 percent of women and nearly 40 percent of men reported that while they have a solid level of knowledge about finance, they would still benefit from professional advice to assist in making appropriate investing decisions.
The top financial concern among 74 percent of women and nearly 76 percent of men respondents was saving enough money for retirement.
Nearly 67 percent of men and 64 percent of women said they think Social Security would be only a small supplement to their retirement income.