Wealth accumulation is taking a back seat to another important investor goal: having guaranteed retirement income.
The shift in investor focus is driving the growth of annuity sales, which hit a record high of nearly $2.2 trillion in 2010, according to a new report released by the Insured Retirement Institute and Cogent Research, a market research and strategic consulting firm. The report surveyed the views of 684 financial advisors, investors, insurance carriers and others from June to October of 2011.
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