Stock market volatility and a correction are in the cards for 2022, say a majority of Americans in a poll conducted by Allianz Life.
More than three-quarters (77%) expect the stock market to remain volatile this year and 59% expect a correction, the survey found. In addition, 67% say they are worried that new Covid variants will cause another recession, and 74% say they are concerned about their purchasing power over the next six months. Almost two-thirds, 64%, say their income is not keeping up with expenses, and the same amount worry their income will not keep pace with tax increases.
“With added pressure from increased uncertainty, 61% say they are worried their current financial strategy won’t provide the lifestyle they’d like to have in retirement,” Allianz said, noting that one-third of those surveyed said that putting some money into a financial product that provides a guaranteed stream of income in retirement is the most important step in having a secure retirement.
Thirty-nine percent of Gen Xers expressed interest in a product that offers guaranteed income compared with millennials at 33% and boomers at 30%.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
