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New Research Reveals that Guaranteed Income for Life is Top Retirement Goal for 97 Percent of Baby Boomers

Business Wire, 6/28/07

Abstract:

New research sponsored by AIG SunAmerica and conducted by Harris Interactive reveals that securing a significant source of retirement income guaranteed for life is a top financial goal for virtually all baby boomers.

Acknowledging that they are not financially prepared for a retirement that could last more than 30 years, boomers polled in the research consistently cited guaranteed lifetime income, protection against investment losses, and sufficient income to meet rising healthcare costs as their most important financial planning objectives.

What's more, nearly three-quarters of boomers polled said they would be interested in an investment prdocuts that could addressthese needs, and two-thirds said they would be willing to pay up to two percent of annual investment returns for a lifetime income guaranteed.

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