A new study has found that many people fail to make necessary decisions about the future because they are too scared to think about death. According to researchers from Boston College in Massachusetts, fear of death causes individuals to avoid preparing financially for old age. The anxiety can affect choices about managing savings for retirement, purchasing life insurance, estate planning and drafting wills. <\/p>\n
Study co-authors Linda Salisbury and Gergana Nenkov, both marketing professors, wanted to investigate why many individuals do not invest in annuities. Annuities provide a steady stream of income during retirement while individual retirement accounts (IRA) do not. <\/p>\n
In one of four related experiments, the researchers asked participants to imagine they were 65 years old and starting retirement. One group was asked if they wanted to put their savings into an IRA, while the second group was asked about an annuity. The participants\u2019 thoughts were analyzed afterwards. The researchers (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A new study has found that many people fail to make necessary decisions about the future because they are too scared to think about death. According to researchers from Boston College in Massachusetts, fear of death causes individuals to avoid…<\/span><\/p>\n