9/5/2013

The demands of baby boomers who have taken big stock market losses are a big factor in the growing enthusiasm for annuities among financial advisers. "Baby boomers are no longer willing to gamble in the market,” said Elizabeth Ruch, an adviser with Waddell & Reed. "They are looking for guarantees. At the same time, they like the flexibility and growth in the market and want to participate."

Related Summaries