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Seniors: What's Your Biggest Objection to Using an Advisor?

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Too many senior consumers choose not to hire a financial advisor to help them sort out their assets and retirement. We asked a group of seniors about those objections. Read on to find out what they had to say. If you have thoughts on the topic or objections you’ve heard, please leave a comment below. 

“I don’t know. It’s kind of hard to pin down. Maybe it’s a gut instinct thing. I feel like if I open up my pocket, somebody’s going to take advantage of me.”
– Terry O., 61 Jacksonville, Fla.

I’m retired from the financial world and don’t need somebody else to tell me what I already know. I don’t mean to come across harsh … I don’t mean it that way. But I do feel like with nearly 50 years in the business, I know what I want to do with my money.
–Nelson A., 66 Atlanta, Ga.

It’s the money. I’m on a fixed income and can’t see it being possible to take some of that money out. I barely make ends meet with what I have.
–Marge V., 64 Oakland, Calif.

I lost about 30 percent of my savings last fall. I was happy to leave my money in the bank, but I listened to a financial guy who had me put my money in the market. That’s the last person I’ll be listening to in the future.
–Al D., 67 Tustin, Calif.


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