S eventy-two percent of those surveyed wish they had a better understanding of investment terminology. Women in particular would like a better grasp on financial terms (76% vs. 67% of men).
Our survey suggests that working with a financial advisor can help. Those individuals currently working with a financial advisor (29%) tend to be more confident in selecting the right investments
(76% vs. 55%), and have more money saved for retirement (20% of respondents who work with an advisor said they have saved $250,000 or more vs. 6% of those who do not).
That said, many Americans (63%) are still not sure who to trust for financial advice.
If you're one of those who is not sure where to turn for advice, perhaps we can help. In fact, this website — www.moneysmarts.com — was specifically created with you in mind.
You might start by visiting the Investing Made Easier page on this site. If you prefer, you can always talk to an experienced Financial Advisor from AARP Financial. Just call 1-888-778-6184.
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