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Featured Advisor

Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Responsible Financial Attitudes and Behaviors Bolster Confidence of Millionaire Retirees

Millionaire retirees face golden years

Sixty-percent of Millionaire investors are retired, while nearly a third (32 percent) are still working, according to a new study by the Spectrem Group. Nine percent identify themselves as semi-retired.

More than three-quarters (79 percent) overall fully expect to have sufficient income to live comfortably during retirement. But for many of these investors, especially those ages 54 and under, the economic downturn, the worst since the Great Depression, has taken some of the idyllic luster off of the notion of retirement.

Across wealth levels, Millionaire investors are most likely to believe that it is “important” to put away a set amount of money or to save a percentage of their salary each month. Similarly, just under 37 percent—the highest percentage--believe it is important to secure the services of a professional advisor. Millionaires, too, are most likely to extol the virtues of having a professionally prepared retirement plan.

The eldest Millionaires ages 65 and up are most confident that they will have sufficient income to last their senior years (nearly all--96 percent--draw retirement income, including Social Security and retirement plan distributions. They are also among the most likely to consider themselves “savers” vs. “spenders” (71 percent), and are most confident that the investment choices in their retirement plan will produce a good return (72 percent). They are also “very satisfied” with the return they earned on their retirement plan investments over the past year. It is characteristic then that just over half of these investors (52 percent) think it is most important to protect their principal than grow their investments

If they are relatively confident about their financial situation, what does concern Millionaire retirees? Health concerns of loved ones are the uppermost personal concerns on the minds according to the Spectrem Group survey. Sixty-one percent are most concerned about the health of their spouse, while 54 percent are concerned about a family health emergency. Fifty-two percent are concerned about their own health. On the national front, these investors are more worried than younger Millionaires about the national debt (81 percent) and the political environment (75 percent).

Predictably, the oldest Millionaires are old school when it comes to technology. Only seven percent use apps on their mobile devices as a resource for financial information. They are also the least likely (24 percent) to regularly read financial blogs. Across age levels, they are the most likely to identify themselves as Advisor Assisted, meaning that they do regularly consult with an advisor, but they make the final decisions regarding their investments themselves.