The Most Ignored piece of financial advice

The Most Ignored piece of financial advice

According to the FT “Spend more money is the most ignored piece of financial advice”.  “Spend more money” might be the last thing you would expect to be told by your financial adviser — yet this has been named as one of the pieces of advice wealthy clients frequently choose to ignore. The unlikely problem emerged from research conducted by FT Money, in which financial advisers were asked what advice their clients were least likely to heed. 

Having spent a lifetime saving for retirement, advisers said many clients in their 60s and 70s had accumulated more wealth than they could feasibly spend. Older generations have typically benefited from generous final salary pension schemes, and decades of rising property prices, but have so far resisted the urge to splurge” Read the full article  


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