Baby Boomers Like Attributes of Annuities, But Some May Find Traditional Annuities Intimidating, Says ING Study

A new study of American investing habits and goals shows that nearly half of Baby Boomers earning at least $50,000 a year like the benefits offered by annuities, but 42 percent of respondents say they are intimidated by the products.

The study, conducted by ING and the research firm Roper Public Affairs, found that Baby Boomer women are particularly interested in the benefits of annuities. Nearly 6 in 10 Boomer women surveyed agree with the statement "protecting my retirement savings from loss is important, but I also want to be able to grow my savings." Four in 10 men agreed.

Baby Boomers Like Attributes of Annuities, But Some May Find Traditional Annuities Intimidating, Says ING Study
Source: PRNewswire