Fifty-five percent of non-retired investors cited the financial risk of rising health-care costs in retirement as their greatest concern, a seven-point jump from last year’s survey. Overall, 89 percent of this year’s respondents expressed some concern about rising health-care costs.
Changes to Social Security and/or Medicare was the second most-cited financial risk with 34 percent of respondents citing they were "very concerned,’" up slightly from 32 percent last year. Overall, 74 percent of respondents cited some level of concern about this risk.
Running out of money in retirement was cited as the third financial risk investors were concerned about. It increased slightly in 2013 with 28 percent of respondents saying they were ‘very concerned’ compared to 26 percent in 2012. Overall, 65 percent of respondents this year felt this issue was of concern.
This survey of 1,013 investors, 703 of whom were not retired, was conducted online by independent research firm Mathew Greenwald & Associates as a part of the John Hancock Investor Sentiment Index for Signator Investors Inc. Respondents were required to participate in their household’s financial decision-making process, have a household income of at least $75,000, and assets of $100,000.
Source: Financial Advisor Magazine
The information contained in this article does not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville. The Firm is also a member of the Financial Planning Association of Northeast Florida, the Jacksonville Chamber of Commerce, the Southside Businessmen's Club, and the Beaches Business Association.
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