Thursday, September 07, 2006

 

Study Says Boomers Want to Save Better But Don't Always Know How; More Might Buy Annuities If They Knew More About Them

With only six to 15 years to go before they quit working, 50% of boomers aged 50 to 59 mostly agree that they don't know how much they need to save for retirement, a new study by the Guardian Life Insurance Company of America concludes.

Moreover, 60% of these leading-edge boomers agree at least somewhat that they want to save more but don't actually do so, Guardian found.

Study Says Boomers Want to Save Better But Don't Always Know How; More Might Buy Annuities If They Knew More About Them
Source: Insurance News Net

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