More than half of 'super savers' work with a financial adviser, or plan to start - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A big part of being good with money is figuring out how to balance spending for now and saving for later

While the salaries of the plan participants weren't revealed, the survey found that many of them are. More than 40% of the super savers and pre super savers said they drive older vehicles, live in a modest home, travel less than they prefer, and do DIY projects instead of hiring outside help. Of the super savers specifically, a whopping 70% began saving in their 20s.

They also have something else in common: They seek professional help for their money. Forty-one percent of super savers and 42% of pre super savers say theyWhile the majority of savers use online tools to verify whether they're on track for retirement, more than one-fourth say they consult a financial adviser to compare information.

But surprisingly, these savers also say their advisers don't have significant influence on their savings habits — that honor goes to their parents, their spouses, and themselves.can be challenging — no one wants to feel like they're sacrificing the joys of today for the promise of tomorrow. Financial advisers help clients strike a balance between taking care of priorities today and setting up a rich future.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The pros and cons of robo-advisers, according to a financial planner - Business InsiderSince everything is automated, digital, and relies less on individual professionals making decisions, robo-advisers can help you invest well for less. Yeah, just ask yourself, does this robo adviser have a family of their own? Does this robo adviser empathize with my emotional need to provide for my family and if possible generations to come? If you answered yes to these questions, a robo adviser is for you. Do robots appreciate art?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 7 best ways to build wealth starting today, according to financial planners - Business InsiderFinancial planners say not to expect wealth to grow overnight — to make real progress, you have to be patient
Source: BusinessInsider - 🏆 729. / 51 Read more »

Millennials will face fewer financial struggles in 2020s, expert says - Business InsiderIn the 2010s, millennials dealt with the recession fallout and student-loan debt — but they're about to enter their prime earning years. Good luck TRUMP 4EVR Optimism
Source: BusinessInsider - 🏆 729. / 51 Read more »

WellSet COO on avoiding burnout and finding work-life balance in tech - Business InsiderThis 30-year-old COO quit a career in private equity and a starring role at Pinterest to work in wellness tech after finding purpose in Buddhism
Source: BusinessInsider - 🏆 729. / 51 Read more »

Want to invest in 2020 but don't know where to start? Robo-advisers make it cheap and easy - Business InsiderManaged portfolios, also called robo-advisers, are investment accounts where you are assigned a professionally designed portfolio based on your goals.
Source: BusinessInsider - 🏆 729. / 51 Read more »