People don't seek financial advice for many reasons, including lack of savings and perceived cost. But many wish they had sought advice, and among those who have met with a financial advisor, the common regret is that they didn't do so earlier.

That's according to TIAA's 2016 "Advice Matters Survey," which found that of the 48 percent of Americans who have received financial advice, 77 percent wish they had done so sooner.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.