- The political environment in Washington caps investors' list of top concerns: Three in four investors (76%) are worried about the political environment in Washington, with 60% stating they are dissatisfied with the recent Congressional agreement to avert the fiscal cliff.
- Government “kicking the can” impacts willingness to invest, return expectations and long-term outlook: 60% of investors are dissatisfied with the fiscal cliff agreement, and 90% feel the deal did not do enough to address the national debt problem. With that in mind, investors indicated a decline in long-term economic optimism, and they are continuing to adopt a wait-and-see mindset toward investing as Washington works through outstanding fiscal cliff issues.
- Long-term care trumps retirement as biggest personal concern: The ability to afford healthcare/support in old age is the top concern among investors, with 26% agreeing it's their main worry versus 14% who said having enough money for retirement was their primary fear. Nearly three in four investors (73%) listed “staying healthy / fit” among their top three objectives, versus one in four (26%) who said the ability to retire when and how they want is a top-three goal.
- However, investors feel more confident about their own financial situation than three months ago: 56% of investors say they feel “very good” or “excellent” about their financial situation, compared with 44% as indicated in the October 2012 Investor Watch report. And investors who consistently follow their own financial plan feel markedly better about their finances, with 73% saying they feel “excellent” and “very good.”
- Finally, investors believe that advice is central to achieving goals in this environment: Overall, 68% say receiving good advice is highly important to achieving their goals. And in particular, relating to recent events – post-election and prior to the fiscal cliff – investors were twice as likely to take action if they spoke with their advisors about these topics. Among investors who sought advice about the election, 76% were highly satisfied with the advice they received.
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