Could exchange traded funds (ETFs) be the panacea to ease future retirees’ concerns about the current markets and retirement?
According to a recent survey by Schwab Institutional, affluent investors are "anxious about retirement and their optimism about the economy is waning." If clients worry about the market, then their advisers become concerned as well. All the pessimism can spread into the market and overall confidence in the economy, says Thomas Kostigen for MarketWatch. In fact, almost 60% of the affluent people surveyed said they are pursing a new (second) career not because they want to, but because of financial necessity.
The survey also revealed that although advisers and clients are generally pessimistic toward the markets for now, advisers are counting on ETFs to aid them in helping their clients reach their retirement goals. ETFs are the investment vehicle of choice for 78% of advisers surveyed. We also believe that ETFs are the best investment vehicle to help investors save for retirement as well as other financial goals.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.