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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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What Do Investors "in the Middle" Fear Most?

What are the top three fears of middle-age, middle-class investors? How do they compare to last year? Millionaire Corner research gives insight into this increasingly insecure group.

| BY Adriana Reyneri

Middle-aged, middle-class investors make an increasingly insecure group, according to recent Millionaire Corner research that shows “investors in the middle” have wide-ranging and intensifying financial concerns.  What are their top three fears?

Moderately wealthy, middle-aged investors surveyed over the first quarter of 2012 say they are most worried about their financial security, the financial situations of their children and retirement readiness. And, their levels of concern are substantially higher than those reported last year.  Here’s how their worries stack up:

No. 1: Maintaining My Current Financial Position. Three-fourths of Mass Affluent investors ages 55 to 64 are worried about holding on to the wealth they have accumulated so far. (Mass Affluent investors have a net worth of $100,000 up to $1 million, not including their primary residence.) Maintaining wealth is no easy feat in the current environment, according to Census Bureau data that tracks a steady decline in household wealth over the economic downturn.

Concern over financial security has risen over the past year. The worry ranked third among personal financial concerns in a Millionaire Corner study conducted over the first quarter of 2011. Then, 64 percent of older Mass Affluent baby boomers said they were worried about maintaining the status quo. 

No. 2: Having Enough Money Set Aside for Retirement. Close to three -fourths (74 percent) of Mass Affluent investors ages 55 to 64 say they are worried about having enough money set aside for retirement. A year ago, the concern was shared by 65 percent of the group.

Retirement security appears to be a receding goal for the majority of older, Mass Affluent baby boomers. Nearly 70 percent of those surveyed in 2012 said they worried about being able to retire when they wantede to, compared to 55 percent in 2011.

No. 3: The Financial Situation of My Children or Grandchildren:  More than 70 percent of Mass Affluent investors ages 55 to 64 express concern over the financial well-being of the next generations, coming of age in the worst economic downturn since the Great Depression. Many older baby boomers are providing financial support not only to their children, but their grandchildren as well, contributing to college, wedding and other expenses. Last year, 62 percent of these middle-aged, middle-income investors said they were worried about children and grandchildren.

Middle-age, middle class investors also rank family health issues among the top financial concerns, but express relatively low levels of concern (28 percent) over using their wealth to help others. Charitable giving – it appears – can’t compete when investors are so worried about holding their own.