According to AARP:
- 35 percent of those ages 45 to 54 have stopped putting money into their 401(k), IRA or other retirement accounts.
- 25 percent said they have prematurely withdrawn funds from their retirement accounts.
- 56 percent have postponed a major purchase.
- 24 percent have postponed plans to retire.
Here are some recent headlines about retirement planning:
- For Boomers, recession is redefining retirement AZ Central.com - AZ, USA Walker says that he had a clear plan for retirement before he lost his job. "But I don't have a clue anymore." While the economic crisis has forced Baby
- Many retirees find it necessary to rejoin the workforce Leader Times - Kittanning, PA, USA By Renatta Signorini, LEADER TIMES At a time when senior citizens should be able to relax, some retirees are finding it necessary to go back to work to keep
- Recession forcing retirees back to work and spooking younger workers The Salinas Californian - Salinas, CA, USA The shock waves are pushing some frightened investors out of stocks and forcing some retirees to return to work.
- WIVBMolson retirees: No beer WIVB - Buffalo, NY, USA Reuters reports that Molson retirees in Newfoundland, Canada will see their monthly allotment of beer fall from six dozen a month to zero.
Here are two retirement quotes:
- Life begins when the kids move out and the cat gets run over.
— Author Unknown
An inordinate passion for pleasure is the secret of remaining young.
— Oscar Wilde