Workers over 55 now more cautious about their investments

According to Harris Interactive telephone survey conducted on over 1,000 US workers of 55 years and above 76% admitted that recent years have made them think more seriously about their financial condition.A vast majority (84%) admitted that they now follow a more cautious investment strategy .Around 65%preffered low risk invetments such as CD’s and annuities and 60% said they target to save their income rather than investing aggressively.80% wanted their employer to educate them about savings and investment.Other findings included most workers prefer delayed retirement ie: 64-69 and two thirds wanted to work part time even after retirement.

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55+ workers flip retirement savings strategy