Investors Nearing Retirement Show Patience With Markets

Despite last year’s upheaval, many investors are sticking with long-term plans and tightening their budgets instead of moving money out of stocks and bonds.

An older businessman holding a coffee cup stands in his office and gazes calmly into the distance.
(Image credit: Getty Images)

Heightened geopolitical tensions, soaring inflation and the subsequent tightening of monetary conditions recently decimated the longest-running bull market in history and ushered in a rare bear market for both stocks and bonds. Along the way, investors understandably grew more anxious about the economy and the markets, but in a sign of remarkable resilience, most have stayed true to their long-term plans and remain invested.

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Matthew Sommer, Ph.D. CFA®
Head of Defined Contribution and Wealth Adviser Services, Janus Henderson Investors

Matt Sommer is the Head of Janus Henderson Investors’ Defined Contribution and Wealth Adviser Services Team. He serves as Janus Henderson’s lead behavioral finance researcher and wealth strategist. Prior to joining Janus in 2010, Dr. Sommer spent 17 years at Morgan Stanley Wealth Management and its predecessors, Citi Global Wealth Management and Smith Barney, during which time his roles included director of financial planning and director of retirement planning.