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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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Retirees Confident, Younger Investors Fret about Retirement Income

Fears about not having sufficient retirement income on the rise.

The 2008 economic crisis has cast a long shadow with investors increasingly concerned about their retirement assets and whether they will be able to retire as planned.  

Of nearly 950 investors we recently surveyed, 39 percent said that they expect to have sufficient income income. This is a decrease in confidence of nearly 10 percent from an IRA Rollover study we conducted in 2007. Likewise, 38 percent are presently confident that the investment choices they have made will produce a good return. Four years ago, more than half (51 percent) expressed this optimistic attitude.

For many investors, the 2008 economic meltdown empowered them to become more pro-active with their investments and money management. As a result, a majority (53 percent) said they were better prepared for last month's downturn compared to the cataclysmic events of three years ago. A third said they now have a well-defined investment strategy for their retirement assets, up from 28 percent four years ago.

Nearly a quarter (up from 18 percent in 2007) expressed interest in asset allocation and target date funds than they did before the 2008 meltdown, while 25 percent said they would like more professional advice and assistance, up from 19 percent. Still, a third are concerned about outliving their retirement assets.

Retirees express the most confidence in their retirement assets. Over half (53 percent) expect to have sufficient retirement income, while 46 percent say they have a well-defined investment strategy for their retirement. They are also more likely than younger investors to be actively involved in the day-to-day management of their investments (being retired, they no doubt have the time).

Time, it seems, works for and against younger investors. On the one hand, they have more of their lives ahead of them to reverse any financial setbacks. On the other hand, they have more of their lives ahead of them in an economy that remains challenging. Less than an quarter of investors younger than 50 told us they have a well-defined investment strategy, which may explain why only 27 percent of those between the ages of 35-49 expressed confidence they will have sufficient retirement income, and that 37 percent of this age group are concerned about outliving their money.