Worried about what the coronavirus might be doing to your financial plans? According to a new survey from Retirement Income Certified Professional financial advisors, the response from most investors is to stay the course.
More than 65 percent of the 245 RICP advisors surveyed indicated their clients had become more likely to reach out to them due to recent market volatility. But more than 60 percent of advisors reported that none of their clients had made changes to their plans as a result of recent market performance.
Still, many clients have become more concerned about their retirement savings as a result of the coronavirus. Half of the surveyed clients indicated they were more concerned about retirement security this year than they were in 2019.