Going DIY on Finances

Physician's Money Digest, December15 2004, Volume 11, Issue 23

When it comes to handling theirfinances, more than half of Americansthink that it's okay to do it themselves.According to the 2004 ProsumerSurvey, 68% of so-called prosumers (ie,proactive consumers) and 57% of nonprosumersthought that everyone shouldget into do-it-yourself (DIY) financialplanning. Despite that vote of confidence,about 66% of the prosumers and morethan 50% of the nonprosumers saidmoney topped their list of worries. Only49% of the prosumers and 43% of thenonprosumers thought they had a goodhandle on their financial affairs, andeven fewer (45% and 40%, respectively)said they are making adequate financialplans for retirement.