Retirees Remain Confident Despite Pandemic

According to a new national survey from, investors have largely maintained this course throughout the epidemic. Keplinger Private Capital Which found that nearly 63% of retirees and retirees have been on their retirement plans for the past year. Recent market fluctuations As seen last week.

Even in the midst of an ongoing global epidemic, there are still those who retire and those who are close to retiring. Carefully optimistic About his retirement and the economy 3 out of 4 They say they are “very or somewhat confident” that they will have enough income to live comfortably throughout retirement.

Do you have enough in 401k to retire whenever you want?

So what does the average portfolio look like for retirees and near-retirees who did well last year? The survey, which surveyed 772 respondents aged 40 and over, found that the average port portfolio consisted of the following:

  • 35% stock
  • 26% cash.
  • 15% bonds
  • 9% real estate.
  • 15% others.

The distribution of investors’ assets has been conservative, regardless of gender, age, or whether the investor is retired or not.

Infectious diseases Investment habits

However, more than one in five (22) say they have escaped greater risk after seeing how quickly the market can change. Only 13% feel faster about the stock.

High-income investors ($ 200,000+) were almost three times more likely than less wealthy investors to grow faster and add stocks to their portfolio in 2020. One reason for this may be that they report a “significant” increase in the value of their portfolio during the epidemic, compared to investors earning less than 200 200,000 (22% vs. 12%).

The US stock market is at a record high at the end of 2020. Total domestic net worth at record highsMore than half (54) investors have reported only moderate gains in their portfolios since the beginning of the year.

About a third (32) have changed the distribution of their assets since the epidemic. Among the changers:

  • 13% added more stocks.
  • 9% bonds were added.
  • 9 increased their holdings like cash or cash.

But confidence may be lower for recent retirees, as 29 of those who recently retired said they feel “much” more confident about their future income than they are. 53 who are better off for their retirement, or who are at least retired. 15 years now.

Average portfolio balance between 50+ investors.

According to anonymous data from Personal capitalWith more than 3 million dashboard users pulled in this month, investors in the 50s and 60s held 39% to 42% of their portfolio assets in US stocks and about 10% in international stocks, about 7-7-11%. Are held in US bonds. , And 21 to 23 cash.

The median value of the top assets in these age group departments is as follows (as of 9/23/21):

Age cash US stocks US bonds International bonds
50s $ 99,474.10. $ 443,634.53. $ 44,295.76. $ 92,806.78.
60s $ 124,734.98. $ 462,867.40. $ 96,986.29. $ 99,477.79.

* About 99-12 assets are unclassified.

Investors 70 years and older hold 38-39% of their portfolio assets in US stocks, 6% and 9% in international stocks, 26-31% in cash and 12-13% in US bonds.

The median value of the top assets in the departments for these age groups is as follows:

Age cash US stocks US bonds International bonds
70s $ 128,604.50. $ 399,027.34. $ 95,912.49. $ 77,886.66.
80s $ 129,784.68. $ 361,474.86. $ 77,182.85. $ 56,931.07.
90s $ 108,992.98. $ 290,438.73. $ 56,445.12. $ 36,509.39.

* Data does not include assets that have been unclassified.

Older investors have the most domestic bias. In the 80’s, investors had 85% of their stock in the United States, and in the 90’s, investors had 88.5% of their stock in the United States.

Tips for Retirement and Retirement Close in Fluctuations.

Regardless of the age of an investor, fluctuations in the market are not for the faint of heart. But for those who are about to retire or have recently retired, many are asking what to do during the downturn.

“It’s horrible for someone to see the market go down,” said Jesse Pabern, a senior financial adviser at Personal Capital’s Denver office. Can I still retire? ‘ And with good planning, yes, you can.

Are here Some suggestions To consider making sure that your retirement plans can cope with market fluctuations.

1. Make sure you’re properly diversified.

2. Keep track of your expenses.

When it comes to retirement, now is not the time to spend too much. Instead, you should spend less. Lifestyle adjustments can often be more effective than adjustments to your portfolio.

3. Make sure your risk tolerance is in line with your retirement plans.

4. Don’t forget long-term needs.

Just because your medical expenses aren’t high when you retire, doesn’t mean you shouldn’t plan for more medical expenses later in life or the unforeseen expenses that you may have. Can put wrench in projects.

Bottom line: The best advice for retirees or retirees is to review your strategy regularly. Loyal financial advisor To ensure that it is properly updated in the light of market changes.


Survey method:

Keplinger-Personnel Capital National Poll Retirement Confidence The effects of epidemics on June 17-24, 2021 were conducted with 772 respondents, none of whom were wealth management clients of the Private Capital Advisory Corporation (“PCAC”). Are not. The margin of error in the survey is +/- 3.52%. Respondents’ age (40 and over), retirement status (fully or partially retired, or intending to retire within five years), and net worth (at least 100,000) were examined ۔ Demographic Profile: Average age: 65 Average household income before tax in 2021: 7 127,688 Employment status: 76 full or partially retired (of whom, 81 retired in the last 15 years) Exclude basic housing Average household net worth: $ 728,821 49 males 51% females.