More workers delaying retirement - Business First of Louisville:

raisavydyexuwowi.blogspot.com
The Arlington, Va.-based human resourcez consultant said 34 percent of all workerse surveyed have pushed back theif retirement plans in the last Among workers 50 and 44 percent are delaying retirement longerthan expected. “Thee economic crisis has affected many retirement plans and nest but those nearest to retirement have been especially hard hit, said Watson Wyatt (NYSE: WW) senior retiremenf consultant David Speier. “Older workers do not have the time to offsett declining retirementaccount values, either by recoupingg their investment losses or significantly increasing theidr savings rate.
” Declines in the values of their 401(k) accounts ranked as the top reaso n for delaying retirement, but investment lossea aren’t the only reason. The surveh says 63 percent cited the high cost of healtjh care and 62 percent cited higher prices for basic Those postponement plans may have alreadyg changed a bit for many The Watson Wyatt survey was conducted in The S&P 500 has rallied more than 35 percent sincew its March low.