Americans 55 and older have taken the 2008 financial crisis as “wake-up call” and are looking for less risky investment strategies. In a study released by AIG Life and Retirement this week, the 55 and older set said they are far more likely to favor “financial peace of mind” over the pursuit of potentially higher but riskier returns.

“Americans are rightfully concerned about retirement and more careful in their investment strategies,” Jay Wintrob, president and CEO of AIG Life and Retirement, said in a statement.

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