Women are more willing than men to seek financial advice when they are earning less money and have fewer assets, a recent GOBankingRates survey found. According to the survey, 38% of women believe it’s worth seeking professional financial advice even if you earn less than $50,000, while only 27% of men agree. In addition, 23% of women would consider paying for financial advice with less than $1,000 in savings and investments, while only 13% of men would pay for advice at this threshold. But who is right?
In this “Financially Savvy Female” column, GOBankingRates spoke with Kelly Regan, CFP, vice president and financial planner at Girard, a Univest Wealth Division, to better understand these findings. She shared her thoughts about when it’s really worth it to pay for financial guidance.
