Fear is keeping many retirees or soon-to-be retired people from making financial decisions according to a recently released study by Financal Engines  a California based

Smart Money reports: “The young are fearless and bold. The old are scared and cautious. That’s the conventional view of how we feel about risk over the course of a lifetime. We start out brash — ready to bet it all on a long shot. But as we age, we need to hoard our resources and make sure we’ve provided for the slow shuffle into frailness and vulnerability.”