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Asset Preservation Advisors


State: GA

APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Youngest Ultra-wealthy Feel Retirement Concerns Strongest

Fear factors in facing retirement

The ultra-wealthy are not immune to concerns about the economic downturn and how it has impacted their retirement plans. The youngest investors with between $5 million and $24.9 million (not including primary residence) are not as optimistic as older investors at this wealth level, according to a new study by the Spectrem Group.

Of the 84 percent of these investors who fully expect to have sufficient income to live comfortably during retirement, it is the Ultra High Net Worth investors ages 54-and-under who are somewhat less confident. Seventy-five percent of them share this attitude, as opposed to 89 percent of ultra wealthy baby boomers ages 54-64.

The 54-and-under investor is three times as likely as the overall UHNW households to believe that because of current economic conditions they will have to delay their retirement. They are also just over twice as likely to express concern that their household is not saving enough to meet financial goals as well and to have taken early withdrawals from funds earmarked for retirement.

As is understandable for people who have more of their lives ahead of them, the youngest UHNW investors are also the most likely to be concerned about their looming retirement. While 31 percent of overall UHNW investors are concerned about having enough money set aside for retirement, 41 percent of 54-and-under investors expressed this concern. Likewise, while 25 percent overall question whether they will be able to retire as planned, 44 percent of the 54-and-unders have this concern.

But before retirement, there are more immediate family financial concerns that plague all wealth levels, even the ultra-wealthy. Again, they are most keenly felt by the youngest investors. In UHNW households, the youngest age level is almost twice as likely to be concerned about losing their job and nearly three times as likely to be concerned about financing the education of their children.

Taking financial matters into their own hands, these investors are most likely to identify themselves as Self-Directed and responsible for making all their financial decisions. But they are also most likely to seek the assistance of an advisor before making final decisions themselves.