GREENSBORO, NC -- "It's not you. It's me." Yup, that is THE break-up line. But Certified Financial Planner Matt Logan says the saying is also appropriate for the everyday person and financial advisors.
“Ninety-two percent of people say they're interested in learning about investments and retirement, but only 47% are comfortable with asking. I think a lot of that falls on the shoulders of the financial advisors. We either don’t do a good job educating folks or we come across as too elite to help the average person.”
According to Fidelity, 8 out of 10 people say they refrain from having financial conversations. As my Dad always told me, “They're just people. They put their pants on the same way.”
Okay, so how do you get started? (and you should, because it is your money)
One of the easiest things to do is talk to your employer benefits person about your 401K. It is your workplace and they’ve heard every question known to man.
Or simply go to your bank or credit union and ask questions about a Roth IRA. These are neighborhood folks and may be less scary to sit face to face with.
And last but not least, ask a friend if they have a financial advisor and make a simple information meeting with them. They too have heard every question.
Disclaimer: Matt Logan is a Representative with Matt Logan Inc., and Summit Brokerage and may be reached at www.mattloganinc.com