Like Monday morning quarterbacks who second guess plays made the previous Sunday, Americans are reviewing the strategies they might have followed to best handle the recent financial crisis.
A new survey by Allianz Life reports that employed Americans between 35 and 64 are 20 percent more likely to alter their financial strategies than retirees and those over 65. The latter group is 70 percent more likely to “stick to the same game plan.”
Allianz marketing chief Nancy Jones said, “This financial upheaval should be a wake-up call that small things can add up and that it’s never too late to begin saving for retirement. A product that offers guaranteed lifetime income, such as an annuity, can be a great defensive play in planning for retirement.”