Investors are changing their lifestyles and some are delaying retirement as a result of the financial crisis, according to study by the Financial Planning Association.

The annual survey of financial advisers’ perceptions of the retirement income distribution market, which was conducted by Diversified Services Group, polled financial planners with clients who are in or near retirement and found that 40% of clients had to change their lifestyles this year, most likely as a result of the economic downturn.

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