There's no shortage of advice in the world, especially when it comes to personal finance. An entire community of bloggers, authors and self-help gurus exist to guide the average person through the murky waters of money management. It's rare, however, to catch a glimpse in to their personal financial lives.
Living as a married couple, saving for kids, buying a house, helping aging parents. Sound familiar? Many of our staff here at Betterment HQ are also Betterment customers trying to meet all these financial goals. And like you, they care about keeping costs low and doing the smart thing with their money for better peace of mind.
In a recent TD Bank Financial Education survey, we learned that nearly 70 percent of Millennials (ages 18-34) have never received formal financial education. Moreover, 76 percent of Millennials reported that they are seeking financial advice, from basic information about checking and savings accounts to more complicated topics, such as mortgages and starting a small business.
Insurance is only worth the money if it truly protects you and your finances. At this time in life, as you approach retirement or semi-retirement, it's wise to re-examine your current policies. That way you'll know that you have what you need -- and you're not wasting precious dollars on what you don't.