Advisors enhance retirees’ happiness

Retirees with a financial advisor are happier than those managing their finances alone, finds a Fidelity Retirement survey.

Nearly two-thirds of Canadian retirees with an advisor say they’re happier now that they’re out of the workforce, compared to about 50% for unadvised retirees, shows the survey.

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Of retirees who have an advisor, 71% have the retirement they were hoping for, notes the survey, while that number is 53% of those who don’t have an advisor.

Read: Build a sustainable retirement

People without a financial advisor who are still working also have a more negative view of their future retirement than their counterparts. Less than 50% expect to be happier in retirement than while working, compared to more than half of those with an advisor.

Read: Address clients’ fear of aging

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.