Global Atlantic's Allocation Conversation Study: Retirement Age Investors Seek Investment Protection

NEW YORK, July 6 (TNSres) -- Global Atlantic Financial Group, a U.S.-focused retirement, life insurance and reinsurance company, issued the following news release:

A new study from Global Atlantic Financial Group reveals that two-thirds (64%) of investors near or in retirement say protecting assets is more important than growing assets, and 92% are concerned about volatility, recession or high interest rates.

The survey of retirement age investors (ages 55 to 75) working with financial professionals and with investable assets between $250,000 and $1 million found that three in five (59%) experienced a decrease in their portfolio values in 2022, and of those, nearly half (48%) experienced a decline greater than 10 percent. These portfolio declines led to conversations about more conservative asset allocation, as 70% of investors reported having discussions with their financial professionals about putting a portion of their portfolio into a product that protects and limits the downside risk of investments while still providing upside potential.

"These survey findings illustrate that those facing retirement or in retirement greatly value financial strategies that may protect their income," said Paula Nelson, head of strategic growth for Individual Markets at Global Atlantic. "With emotions running high coming out of 2022, it's important that financial professionals have discussions with their clients about asset protection, particularly as we continue to experience periods of uncertainty in the markets."

While just over half (54%) of respondents are optimistic about 2023 investment performance, most (89%) are still concerned about inflation, and respondents said their top financial priority is creating or utilizing a retirement income plan that may provide lifetime income. Having said that, only half believe they are adequately protected from a market downturn.

"Nearly nine in 10 of those in our survey said protecting investments to limit downside risk is important, but only half actually believe they are positioned for that protection," added Ms. Nelson. "This is a clear indication that investors and their advisors may need to re-examine allocations to make sure they have a source of stability included in their portfolios."

Please visit Global Atlantic's web page for additional resources on how to protect retirement savings from market instability. Financial professionals can also visit Global Atlantic's financial professional website to learn more.

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Original text here: https://www.globalatlantic.com/Allocation-Conversation-Study-Retirement-Age-Investors