Economy and Disabilities Change Retirement Strategies

US News and World Report says that almost half of half (48 percent) of the baby boomers surveyed in 2007 planned to collect Social Security after age 62. Thiose plans were altered by the economy and also unexpected disabilities.

Since 2007, the majority of these survey respondents (80 percent) have not changed their plans. However, 17 percent indicated that they will now collect Social Security benefits later than originally planned, many because they are still working. Only 3 percent of the baby boomers indicated they would collect Social Security benefits earlier than originally planned. Top reasons include a disability (28 percent), health reasons (18 percent), and because they want to (8 percent). See story here: