It is widely accepted that financial planning for retirement is deemed wise and essential to maintain an equally sound financial quality of life post-career. However, changes in public policy (specifically, the implementation of the Affordable Care Act (Obamacare)) can subject individual plans to unintended consequences. This paper posits that an individual who has a financial advisor is less likely to have seen an increase in out of pocket expenses (including deductibles and premiums) after the implementation of the Affordable Care Act. Such findings are confirmed by means of a robust survey study encompassing a representative sample.
