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%.
The cooler outlook on prices coupled with greater confidence in the job market gives the central bank some comfort room as it mulls future rate cuts.
The chairman and former CEO of Carson Group said he will gently remind people to call him Omani if they refer to him as Ron.
“Stifel Financial made no offer to settle,” the client's attorney said.
Strable will be the first woman to hold the role at the $20 billion recordkeeping giant, following Dan Houston's decade-long tenure of leadership.
The independent broker-dealer's latest partner firm, formerly with Cadaret Grant and its acquirer LPL, expects substantial benefits as it streamlines its operations.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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