A recent survey by Hartford Financial Services Group Inc. of 502 retirees and preretirees who have a professional financial adviser has found that this group has become more concerned about making sure they do not outlive their money than with a focus on asset allocation or investment performance.
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This signals that investors are seeking advice on allocating their retirement portfolios to meet long-range goals rather than looking for the next hot investment, the Hartford, Conn., insurer said Wednesday. Forty-five percent are more interested in estate planning today than in the past, and 37% now want to plan for health-care expenses. But a big majority, 75%, is more concerned about not outliving assets.
