Middle income Baby Boomers would be less likely to save for retirement if taxes were increased or if tax incentives for retirement savings were reduced or eliminated.
According to a new study by the Insured Retirement Institute, tax deferral is among the most important considerations when Baby Boomers, especially those at middle income levels, evaluate a retirement investment.
"Middle-income Boomers, who make up the majority of annuity owners, overwhelmingly show that they value and utilize tax-deferred retirement savings vehicles," IRI President and CEO Cathy Weatherford said.
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