Sunday, February 1, 2009

Back to work: More seniors forced to forgo retirement



Posted by: Jeffrey Kam

Former office assistant Dorothy Rinehart had no intention of leaving the workforce permanently when she took early retirement to care for her ailing mother.

Like a lot of her peers, Rinehart, 69, isn’t in a position to retire. A single mother of four, she didn’t have much left over after expenses to invest in a 401(k) in her younger years.

“I wish, now, I’d done things differently,” she said. “But the reality is, after my mother passed, I had to go back to work.” Rinehart is among a growing number of seniors who have either delayed retirement or are returning to the workforce after years away.

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