Survey Says Boomers Keep Old Retirement Strategies
Many baby boomers are sticking with their original retirement savings strategies, in spite of recent stock market volatility and the Sept. 11 terrorist attacks.
The majority of boomers who participated in a new survey sponsored by Allstate Financial Corp., Northbrook, Ill., said they expect to save about as much and invest at least as aggressively as they have in the past.
Sixty-six percent of the participants told researchers they planned to save the same amount as before, and 74% said they planned to use the same investment style.
Only 10% said they would invest much more conservatively, while 3% said they would invest much more aggressively.