Investors who don't know how much they have saved for retirement are less likely to arrive in those proverbial golden years with optimal financial results. But some two and half times more do-it-yourself investors than investors who hire advisors find themselves in that unenviable position, a new study on retirement readiness from Dalbar found.
In fact, some 17.9% of investors who decided to go it alone are in the dark about how much they've accumulated for retirement. In contrast, 7.4% of investors who work with an advisor did not know what their retirement balance is, according to the study, ''Got a Plan: A Study on Advisor Value from the Lens of Retirement.''
Financial Advisor Magazine | 10/1/21