Investors are rattled, and understandably so. After more than a year of increasing interest rates, the Federal Reserve raised rates again last month, as it left open the possibility of further hikes to continue its fight against inflation – the likes of which we haven't seen in decades.
When you combine the impact of inflation with a looming potential recession and ongoing market volatility, it's not surprising that investors are feeling the heat. In fact, those closest to retirement age are now considering delaying their retirement plans, with 25% planning to retire later than expected and another 15% unsure if they will ever retire at all, according to a recent Nationwide Advisor Authority survey.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
