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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Gary C. Bhojwani

Baby Boomers’ ‘new normal’ retirement mindset: Allianz

Posted by RJ and Makay on Jun 27, 2011

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Baby boomers, by a 4 to 1 margin, are much more attracted to guaranteed sources of income for their retirement savings versus potential high returns from riskier investments, according to a recent Allianz Life 2011 update of its 2010 survey study “Reclaiming the Future.”  This is in stark contrast to baby boomer investment habits before the 2008-2009 financial crises, when they were more likely to shoot for higher returns from riskier investments.