Merrill Lynch's quarterly survey of Baby Boomers with more than $250,000 in investable assets discovered that 70% expect to work at least part time "as a means of remaining active and engaged" and not out of any financial necessity.
While this optimism is admirable, about 25% of the retirees who Merrill polled confessed that they did not retire when they originally planned because they needed more time to accumulate funds.
The exact reason provided for delaying retirement varied, but the most popular category of answers -- "the recession," "unexpected costs," "imperfect or late planning" and "financially supporting the kids" -- revolved around dollars and cents. Only 23% simply said they "changed their mind and decided to continue working."
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