The Great Recession might be officially over, but that doesn’t mean boomers have forgotten the devastation it caused on their retirement accounts and the shockwaves that are still impairing the economic recovery.
Despite Wall Street’s recent rally, boomers aren’t ready to jump back into equities to fully fund their retirement. According to the Allianz Life 2013 Transition Boomers and Retirement Income Survey, boomers nearing retirement said they are looking for more a guaranteed return than what Wall Street has to offer.