By The Mature Market - Although the financial markets are still volatile, many Americans remain committed to saving and investing for retirement according to the results of a nationwide survey* by AARP Financial Inc. The study found evidence of cautious optimism among investors who believe the current market turmoil may slow their retirement
progress, but not halt it.

"Clearly everyone's situation is different, but overall, we believe now is the time to remain focused on the long-term and not use the current economic uncertainty and market volatility as an excuse to delay saving, investing or planning for retirement," said AARP Financial Inc. President Richard "Mac" Hisey.

Window of Opportunity

Moreover, investors still have time to take advantage of a window of opportunity between now and April 15th to open an IRA or make an IRA contribution and potentially still receive a deduction on their 2008 taxes. They can contribute up to $5,000 or even up to $6,000 if they're 50 years of age or older. A non-working spouse can also contribute the same amount.

"IRAs may offer many advantages for anybody investing for retirement," said Hisey. "But as AARP members have told us, the process of choosing a sound investment strategy for their IRA can sometimes be just too complicated -- and too expensive. In reality, it doesn't have to take that much money to open an account. In
fact, we make it possible for investors to keep investing in their retirement nest egg even if it's just $25 - $100 a month."

Unfortunately, the survey found that when it comes to retirement an overwhelming majority, 70%, believes no one is looking out for the average investor.

"During these uncertain times, it is critical that investors have experienced advice and intelligent solutions to help guide them," added Hisey. "Our investment options are specifically designed to meet the needs of average investors with low fees, a simple, straightforward approach toward investing with well-diversified asset allocation funds and individual guidance from well-trained and experienced Financial Advisors who do not work on commission."

One in Three Will Never Stop Working

The survey also revealed that almost half (46%) of those questioned feel that no matter what they do, it is unlikely they will be able to have a financially secure retirement and that one in three believe they will never be able to stop working.

"There's an assumption that a successful retirement planning effort requires complicated planning scenarios, complex financial products and dramatic lifestyle changes," said Hisey. "The key is to make sure your investments are well-diversified and to remember that retirement is like diet or exercise. A series of small changes now may make a significant difference over time."