Do I have to write anything else?

dilbert

Sometimes a picture really is worth a thousand words.

Do-it-yourself and save tens of thousands of dollars over your working life. Sure it means taking some time out of your busy life and learning something that may not be all that interesting to you. And don’t forget the money managers who are going to try to convince you that you need their professional help.

I read a report from Sun Life Financial recently that reported that 63% of Canadians who use a financial planner felt secure with their retirement plans while only 33% of Canadians who didn’t use a planner felt secure. Their Conclusion: If you want to feel secure, hire a planner.

Or, only people who have enough money to be in a position to hire a planner feel secure, whether they use a planner or do-it-themselves.

I’d bet that do-it-yourselfers feel more secure about their retirement than a similar person who uses a planner. The do-it-yourselfer has a lower cost nest egg, and the knowledge and understanding of what her money is doing. She doesn’t have to rely on anyone else or try to figure out if they have her best interests at heart.

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