In the absence of advice, Americans underestimate their income needs in retirement, with 55 percent of respondents reporting that they think they will need 75 percent or less of their current annual income during retirement.
Study: Most Americans Think They Are Too Poor For Financial Advisors
October 20, 2015
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Most Americans are probably right. An expert advisor is limited by the number of clients they can have. For most wealth-building Americans, I see nothing wrong with investing in a low-cost all-equity ETF until they reach a wealth target. Once there, then consider meeting with an advisor. Why not save on investment management fees?