Because The Super Rich Aren't The Only Ones Who Need To Save For Retirement

For millions of Americans, planning for retirement is a lonely struggle.

 Without the right support, it’s a task that folks reluctantly push to the bottom of their to-do list. Ask a family member, friend, or coworker, and chances are they’ll tell you they feel overwhelmed just thinking about how much they need to save for retirement. And with the pressure to make the right investing decisions, plenty of people put it off altogether.

Not surprisingly, this doesn’t lead to the best results. Over half of households with an average age of 55 or older have no retirement savings at all. And in a recent study, we found that few even know what retirement goals they’re trying to meet. As much as 86% of Americans planning for retirement aren’t sure how much money they need to save, and only 18% have met with a financial advisor. One of the top sources people use for financial advice is a family member, but unfortunately they aren’t always experts on matters like retirement security.

Historically, the average American has had few places to turn for personalized financial advice. But if you ask me, it’s not just the super-wealthy who deserve access to quality financial advice. At Personal Capital, we feel so strongly that customized financial advice and portfolio management should be widely available that today, we lowered our financial advisory service minimum to $25,000. Now savers across the country don’t have to do it alone when it comes to life milestones like retirement, or planning for their children’s education. They’ll have access to real, human advisors who can help them every step of the way.

While it’s easy to be overwhelmed by retirement planning, narrowing down your best investment options, and calculating how much they’ll cost you in the long run, these tasks ultimately determine whether you can live the life you want in retirement. By combining the best of both worlds, the human touch of a financial advisor and the power of world-class financial technology, we’re able to make a real difference in the lives of our clients. 

We lowered our investment minimum with an aim to provide more people with the financial advice they need. And we want people to know that when it comes to retirement saving -- they’re not alone.