Now, there's another risk on the horizon that may stoke their worries — the 2024 elections. Almost half of investors — 45% — surveyed by Nationwide Retirement Institute believe next year's presidential and congressional contests will have a greater impact on their retirement plans and portfolios than market performance. More than two-thirds — 68% — of Republican investors believe the election outcome will have a direct and lasting impact on the stock market, versus more than half — 57% — of Democratic investors. Older investors are most fearful because of the lasting impact a recession may have on their retirement. What moves experts recommend Financial advisors also believe the election may have consequences for the markets, Nationwide's survey found.

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Persons: stoke, Eric Henderson, that's, Henderson, Preston Cherry, Donald Trump, Ron DeSantis, Chris Christie, — Organizations: Istock, Nationwide Retirement Institute, Finance, Nationwide, Social Security, Social, Financial, Republican, New Locations: Florida, New Jersey