Did you know that money is the primary cause of stress for 90% of Americans? It’s understandable, really, when you think about how intricately finances are tied to every part of your life. Not only that, but Americans’ fears regarding their lifestyle, medical bills, and retirement continue to increase each year. More than 50% of Americans worry about not being able to maintain the standard of living they presently enjoy, and 64% are worried about not having enough money to last through retirement.
Why are these statistics so high? There’s a good chance that much of it is because nearly half of Americans don’t know where to turn for financial advice and support, and 62% don’t work with a financial advisor of any kind.
How To Fix The Problem
The good news is that this is a stress you don’t have to live with. Studies show that people who work with an advisor are more likely to feel less stressed, have increased confidence in their savings, be educated about their retirement opportunities, and be more aware of their spending habits.
But perhaps one of the best things about working with an advisor is that there’s never a wrong time to start. Just as it’s never too late to start saving for retirement, it’s never too late to turn your financial future around.
When To Turn To An Advisor
Even if you feel confident in your finances and future retirement, you may not realize you’re making common mistakes or missing out on investment opportunities that could significantly increase your savings.
If you’ve experienced one of the following events in the last year, an advisor can help:
- You had a baby
- You experienced a job change
- You lost a job
- Your salary changed
- You started a business
- You purchased a home
- You got married
- You got divorced
- Your child graduated high school
- You or a loved one experienced a severe disability or illness
- Your spouse passed away
Also, an advisor can help if you’ve had one of these questions in the last year:
- Is my spending in line with my income?
- Can I afford a second home?
- What should be my savings priority: retirement or my child’s education?
- How much money do I need to retire?
- Do I have appropriate life insurance coverage for my situation?
- How much should I contribute to my 401(k)?
- How should I invest my savings?
- Am I saving enough?
- When can I retire?
- What can I expect from my Social Security benefits?
- Will Medicare provide enough coverage for my needs?
- How can I help my kids make wise financial decisions?
- How do I gracefully exit my business?
Find The Best Advisor For You
So why do a majority of people trudge through their financial journey alone? Perhaps you are uncomfortable sharing the personal details of your finances with a stranger, or maybe you are discouraged and embarrassed because you didn’t start planning sooner.
Life goes by so quickly, and before you know it, you may find yourself ten years away from retirement. But getting started late is better than not starting at all. We want you to know that we understand and that we will always be judgment-free. We aim to make the process as pain-free as possible, taking time for us to get to know each other personally before looking at a single account statement.
How pain-free can it be? Let us show you. If you or someone you know has yet to meet with an advisor about their retirement, shoot us an email or give us a call for a commitment-free introductory meeting. We want to take away your financial stress so that you can enjoy your life.Set up an appointment with me today at (626) 529-8347 or email me directly at [email protected].
Ricky Biel, CRPC® is a wealth manager with Haydel, Biel & Associates, an independent financial advisory firm serving individuals and families near Pasadena, California. The firm was founded in 2004 by Chris Haydel and Ricky Biel with a desire to provide unbiased, client-centered, community-based financial advice. Together, they have built a practice that has grown into a family of caring, smart professionals committed to blending proven investment methodologies with creative financial technologies that make it easier than ever to accomplish your goals. They strive to keep things simple and fun to give their clients peace of mind and alleviate financial stress. HBA Wealth takes care of their clients’ needs first and foremost and goes the extra mile to make their clients’ finances grow. To meet and see how the HBA Wealth team may be able to help, contact them today at (626) 529-8347 or email Ricky directly at [email protected].