Don't put your retirement dreams on hold!

Almost two thirds of people who had planned to retire in 2011 would consider having to pospone retirement and continue working in order to give a vital boost to their retirement income.

New research from Prudential's Class of 2011 survey has revealed that almost 50% say they will definately continue working beyond their planned retirement age in order to supplement pensions and build further savings before they retire.

The Prudential Class of 2011 surveyed people who had the original intention of retiring throughout this year. The results highlight the growing trend of individuals phasing retirement gradually in the UK as a result of the reality of having to fund a much longer period in retirement.

The survey highlighted that over 30% would consider working for up to a further two years if it secured them a greater income in retirement. Where more than one in five would consider an extra two to five years working, 8% said they would be prepared to work for five to ten years longer.

Not all those surveyed planned to continue working beyond planned retirement due to financial constraints as many were happy to continue working on. Over 50% said they did not feel ready to retire and actually still enjoyed working.

I see more clients nearing retirement with a more flexible approach to how and when they retire and the option of part-time and consulting work is attractive for many clients.

The secret to all of this is in carefully planning your retirement in advance and arranging with professional financial advice appropriate investment portfolios and a suitable retirement strategy.

This prevents you having to delay your retirement dreams and allows you to stay in control of your retirement aspirations for which should be an exciting, enjoyable and relaxing period of your life.