Survey results indicate that both men and women respondents lack adequate financial education.

Jackson National Life Insurance Company released the results of the 2013 Jackson Investor Education Survey, a new study which gauged the opinions of pre-retirees (men and women investors between the ages of 45 and 65) with more than $200,000 in investable assets, on key topics relating to retirement, investing and financial education.

The survey, completed with the help of a third-party provider, polled more than 500 investors in this specific demographic on a variety of different topics focused on financial education. Results revealed that a surprisingly small number of responding investors, only 17.8 percent of men and 10.7 percent of women, said they felt they had the financial education needed to make important investing decisions.

Additional key findings from the 2013 Jackson Investor Education Survey include:

  • The top financial concern among 74 percent of women and nearly 76 percent of men respondents was “saving enough money for retirement.”
  • More than 42 percent of men and 55 percent of women who responded said they do not have enough financial knowledge to feel confident making investing decisions. An additional 33.7 percent of women and nearly 40 percent of men who responded reported that while they have a solid level of knowledge about financial products, terms and methods, they would still benefit from professional advice to assist in making appropriate investing decisions.

Read the full article here.