11.09.23
Politics Influencing Investment Decisions, Nationwide Finds
by: Edward Hayes
The Nationwide Retirement Institute’s ninth annual “Advisor Authority” study polled 2,404 investors and found that 45% said the election will affect their retirement plans more than market performance. In the survey, which also questioned 507 advisors, 38% anticipated a volatile stock market in the next 12 months if the party they align with less wins the election next year. But advisors should concentrate on the facts and not be swayed by their political leanings, according to Eric Henderson, president of Nationwide Financial’s annuity business. “Advisors, especially those who have been in the business for a while, have a lot more data at their hands,” he said. “They have a lot more access to information, and it’s their job to look at this information.”
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