Affluent Pre-Retirees Are More Accustomed To Living With Market Turmoil

Thursday, November 03, 2011 07:38
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Affluent Pre-Retirees Are More Accustomed To Living With Market Turmoil

Tags: investor behavior | stocks | volatility

People with investable assets of at least $100,000 are more willing to remain invested in the market today than they were in 2009.

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They also are less inclined to change their financial advisor, according to a survey by Phoenix Marketing International.


“Our historical data indicate much greater resilience to market turmoil than we observed in the fall of 2009,” wrote program director Kristina Terzieva in a press release.


Terzieva says the survey has remained consistent over the last two years in how affluent pre-retirees make retirement decisions: A third are self-directed investors, a third use financial advisors for specialized needs, a fourth regularly consult an advisor, and about 10 rely on an advisor to make most retirement planning decisions.

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