: Most retirees and near-retirees are worried about the stock market and inflation. Here’s what they’re doing about it. 

by | Nov 26, 2022 | Stock Market

The declines in the stock market, surging inflation and rising interest rates have eroded investors’ confidence about their retirement, according to a new report by Janus Henderson Investors. A total of 45% of investors said they felt less confident in their ability to have enough money to live comfortably throughout retirement, and 9% have hired or planned to hire a financial adviser in 2022, according to Janus Henderson’s 2022 Retirement Confidence Report. 

According to the report, 86% of survey respondents are concerned or very concerned about inflation and 79% are concerned or very concerned about the stock market. “With both stocks and bonds posting three consecutive quarters of negative returns in 2022, investor confidence has suffered, but it hasn’t collapsed,” said Matt Sommer, head of Janus Henderson Investors’ defined contribution and wealth adviser services team.   Yet despite these concerns, just 13% of investors have moved money out of stocks or bonds and into cash. Instead, investors appear to be tightening their budgets, as nearly half (49%) said they have reduced their spending or plan to reduce spending as a result of the financial markets and rising inflation, the report found. “The Covid-19 stock selloff and quick comeback that occurred in 2020 put a spotlight on the challenges of …

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