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.

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