Most adults who don’t work with financial planners feel anxious

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Navigating your personal finances is something that’s easier said than done, especially when you’re looking to work towards multiple financial goals at once, like building an emergency fund while paying off debt. For this reason, it can often be helpful to seek a second opinion and seek advice on your next steps from a financial professional.

According to Northwestern Mutual’s Planning & Progress Study 2022, 58% of respondents who said they did not work with a financial advisor reported feeling somewhat or very anxious about their finances. The survey surveyed Americans 18 and older between February 8 and 17, 2022 and also found that 66% of millennials and Generation Z, as well as 54% of all adults in the United States over 18 years, he thought the same way.

With that in mind, Select takes a closer look at the potential benefits of talking to a financial planner and when it’s time to start having those conversations.

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mint

Information about Mint was independently collected by Select and was not reviewed or provided by Mint prior to publication.

  • Cost

  • Extraordinary features

    Show income, expenses, savings goals, credit score, investments, equity

  • Rank your expenses

    Yes, but users can edit

  • Account links

    Yes, debit and credit cards

  • Availability

    Offered both on the App Store (for iOS) and on Google Play (for Android)

  • Security features

    Verisign scanning, multi-factor authentication and Touch ID mobile access

Personal capital

On Personal Capital’s secure site

  • Cost

    The app is free, but users have the option to add investment management services for 0.89% of their money (for accounts under $ 1 million)

  • Extraordinary features

    A budgeting app and investment tool that tracks both your spending and your wealth

  • Rank your expenses

    Yes, but users can edit

  • Account links

    Yes, bank and credit cards, as well as IRAs, 401 (k) s, mortgages and loans

  • Availability

    Offered both on the App Store (for iOS) and on Google Play (for Android)

  • Security features

    Data encryption, fraud protection and advanced user authentication

Editorial note: Opinions, analyzes, reviews or recommendations expressed in this article are those of Select’s editors only and have not been reviewed, endorsed or otherwise endorsed by any third party.

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