More workers delaying retirement - South Florida Business Journal:

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The Arlington, Va.-based human resources consultant says 34 percent of all workeres surveyed have pushed back their retiremenrt plans in the last Among workers 50and older, 44 percent are delayingg retirement longer than expected. “The economic crisia has affectedmany workers’ retirement plands and nest eggs, but those nearest to retiremengt have been especially hard hit, said Watsohn Wyatt (NYSE: WW) senior retirement consultang David Speier. “Older workers do not have the time to offseyt declining retirementaccount values, either by recouping their investment lossesd or significantly increasing their savingx rate.
” Declines in the valuee of their 401(k) accounts ranked as the top reason for delayinh retirement, but investment losses aren’t the only The survey says 63 percenty cited the high cost of health care and 62 percent cite d higher prices for basic necessities. Those postponemeng plans may have alreadyt changed a bit for many The Watson Wyatt survey was conductedin February. The S&oP 500 has rallied more than 35 percent sincee itsMarch low.