Eighty-three percent of investors between the ages of 55 and 70 who are working with a fee-based adviser believe it’s more important for them to generate guaranteed income for retirees than to deliver above-average returns, Fidelity found.

Additionally, 97% said protecting against market volatility is the most critical role that advisers can play today, and 86% said they would be interested in a product with monthly guarantees for life.

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