Don't Count on Working Longer

Fully half of the retirees surveyed this year said they left the workforce earlier than planned.

Delaying retirement can be a powerful pick-me-up for a flagging 401(k). But banking on additional working years to revive retirement savings is also risky business.

If you pay any attention to retirement planning, the "work longer" mantra probably sounds familiar. It's a common refrain among financial planners, mutual fund companies and, yes, this publisher and other personal-finance publications. The chorus has only grown louder since the financial crisis devastated many workers' 401(k)s.

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Eleanor Laise
Senior Editor, Kiplinger's Retirement Report
Laise covers retirement issues ranging from income investing and pension plans to long-term care and estate planning. She joined Kiplinger in 2011 from the Wall Street Journal, where as a staff reporter she covered mutual funds, retirement plans and other personal finance topics. Laise was previously a senior writer at SmartMoney magazine. She started her journalism career at Bloomberg Personal Finance magazine and holds a BA in English from Columbia University.