As nest eggs shrink, many defer retirement
For newly retired and nearly retired, market meltdown forces tough choices

Read excerpt below:

November 19, 2008
By John W. Schoen
MSNBC

When Gary Laursen began working in the transportation industry four decades ago, he had a pretty good idea of what it would take to retire comfortably.

The 62-year-old former account executive for a trucking company, who lives with his wife in Spokane, Wash., says he began setting aside a piece of each paycheck the day he started working. His careful planning paid off. After retiring two years ago, he played golf, spent more time with his three grown children and grandchildren and had enough socked away to pay the bills.

“I felt like I had plenty to retire,” he said. “We’re not a wealthy family by any chance. We’ve lived a very nice life, and our home is paid for and we don’t owe anybody any money.”

Read entire article: http://www.msnbc.msn.com/id/27700954/

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