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Do people still need a financial advisor?
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[QUOTE="Jasz, post: 256906, member: 61772"] Yes, people still need a financial advisor. But not because they don't know what to do with their money. They still need someone to help them make good decisions about investing and saving for retirement. The reason is that the world has changed in ways that can make financial advisors' jobs harder than ever before. The first change is that more Americans are working longer and retiring later than ever before and many of them have less money to invest than their parents had at the same age. The second change is that more Americans are taking on debt as they try to get ahead, which makes it harder for them to save for retirement or invest in the stock market. And third, there's been a big shift toward individualized investment advice, which means that most financial advisors must now focus on helping people choose between different types of investments like stocks, bonds or mutual funds rather than simply giving them advice on how much money they should put into each kind of account (like a savings account or retirement account). [/QUOTE]
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Do people still need a financial advisor?
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