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HDTV Plasma TV Guide Question from Vijay Patel: How are seniors coping with the recession when it comes to their retirement plans and is this a good time for them to retire?Answer: Vijay, probably not; but I am going to give you a very interesting reference to check out. It discusses the pros and cons of seniors retiring now as opposed to later. I hope it helps. Nearly half of seniors plan to retire after age 70 vs. 30 percent before the recession. "This is the worst possible time for the 40 percent of seniors now considering delaying retirement to be searching for jobs," said Eric Bachman, CEO of Golden Gateway Financial. "It's unfortunate that the hopes and dreams of these retirees are being put on hold. " Half of the survey respondents said their net worth had declined by . ECONOMY WATCH Question from Rose Southerbee: Are retirees going to seek new careers because of the present economic conditions?Answer: Rose, I am afraid that this is the case; but let me introduce you to a great reference that will give you a more in debth picture. Please read it. In faltering economy, more retirees have to workAsbury Park Press Asbury Park,NJ,USAWith the massive Baby Boomer generation reaching retirement age, .Posted by Anonymous at 3:19PM | (1 comments)