With vastly lowered expectations for retirement, investors appear more amenable to annuities and other income-generating investments whose scaled-down returns they might not have considered before, NAVA found in a survey of 1,500 financial advisers.

More than half said their clients are planning to delay retirement, and more than half said their clients had madepoor investment decisions. Nearly all said their clients are very anxious about their future financial security, and 85% said their clients expect their quality of life will be reduced in years to come.

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