One recent study compared investors who work with advisors to investors who don’t. After four to six years, the advised investors had accumulated savings worth nearly 1.7 times as much as the unadvised investors. After seven to 14 years, they were up to 2.9 times as much. After 15 years, they had amassed 3.9 times as much. This suggests that the longer people work with an advisor, the more they benefit from advice. “Robo-advisors” have been making headlines in the recent years, the article enclosed outlines the difference that you would experience between a personal advisor versus a robo-advisor.
How Easy Is It To Save $1 Million?
The sooner you start saving on a regular basis the more attainable this goal will seem. The chart below shows how...