The deteriorated stock market and weak economy will force 2.3 million households to delay retirement, according to an Intuit survey of 500 people with an annual household income of $75,000 or more, who actively manage their investments. Last year, 1.9 million households reported a delay in their retirement plans.
While 73% don't expect their portfolios to rebound until 2006, 22% think their retirement will be delayed eight years or more, up from 11% expecting such a delay in 2001.
On the flip side, although nine out of 10 investors reported their retirement portfolios have decreased in value, 34% expect to increase their 401(k) and IRA investments.
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