One-third of working adults are delaying their retirement plans for financial reasons according to research released by Boston fund giant Fidelity Investments.

The investment firm is urging Americans to "work for themselves" over the Labor Day holiday to assess where they are in the retirement planning process and to take action to ensure they are on the track to meet their retirement goals.

The Fidelity research - conducted among workers ages 25 and older - found that individuals had different reasons for pushing back their retirement timetable, with 55% citing they had not saved enough, 35% saying they had started saving too late, and 34% noting they are continuing to work to maintain their employer-paid health coverage.

"Our study findings reflect what we are seeing in our own client interactions every day: too many people are delaying their retirement dreams for lack of planning and adequate savings," said Jeffrey R. Carney, president of Fidelity Personal Investments.

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