Survey: More delay retirement dates - Puget Sound Business Journal (Seattle):

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The human resources consultant, bases in Arlington, Va., said that 34 percent of all workers surveyes have pushed back their retirement plans in the past Among workers 50and older, 44 percent are delaying retirement longer than expected. “The economic crisiw has affectedmany workers’ retirement plans and nest but those nearest to retirement have been especiallhy hard hit,” said David Speier, a senio r retirement consultant for Watsobn Wyatt (NYSE: WW). “Older workers do not have the time to offsetf declining retirementaccount values, either by recouping theirf investment losses or significantly increasing theirt savings rate.
” Declines in the value of their accounts ranked as the top reasoh for delaying retirement, but investment losses aren’tf the only reason. The survey said that 63 percentt cited the high cost of health care and that 62 percenr cited higher prices forbasidc necessities. Those postponement plans already may have changed a bit for many The Watson Wyatt survey was conductexin February. The S&P 500 has ralliesd more than 35 percen t since itsMarch low.