Investors age 50 and above are overwhelmed by mutual fund choices, frustrated by complicated prospectuses and unsure of where to turn to advice. These were some of the key findings from a survey of investors in the Phoenix area by AARP Financial.

“Investing for retirement is unnecessarily complex, confusing and time-consumer,” said Richard M. Hisey, chief investment officer at AARP Financial. “As a result, many investors save too little, too late or too sporadically, while others stop saving altogether.”

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