Yellow Brick Road (YBR) branches nationally will be opening up their doors to offer free financial advice to Australian consumers to help address retirement concerns.
The franchise network’s ‘Ask My Advice Day’ will be held on Saturday 28 May and will be the fourth year running it has participated.
According to figures released by the Australian Bureau of Statistics (ABS), the number of over-45s who say they will not retire before turning 70 has dramatically increased, from 8% to 23% in the past decade. YBR executive chairman, Mark Bouris
, says this has sparked fresh concerns that a comfortable retirement is now “out of reach” for hundreds of thousands of Australians.
He says the key to a comfortable retirement is to start early, and brokers can play an important role in that.
“Everyone deserves the chance to retire comfortably but people need to take action,” he said.
“Ask My Advice Day is an easy way to get started by just coming in and asking a qualified adviser any burning questions - whether it’s on your retirement, your home loan, superannuation, insurance or savings.”
Recent research commissioned by YBR showed the reasons people aren’t seeking advice from a financial adviser include the belief they don’t need one, cost, reputational worries, perception that advisers are only for the wealthy and embarrassment in the state of their finances.
Bouris hopes its annual ‘Ask My Advice Day’ will break down these obstacles by highlighting that no question is too big or small.