Financial Engines has launched a Retirement Checkup service for near-retirees age 50 and older that finds the outlook is not as grim as people might think. Only modest increases in savings and a slight delay in retirement can put near-retirees back on track.

The Retirement Checkup, available at no extra charge to those whose 401(k) portfolios are managed by Financial Engines, works as a simple phone conversation with a licensed Financial Engines adviser to help people understand where they stand with their investments, savings and retirement income. The aim is to help them make the needed changes to recover from the steep market losses in 2008.

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