From Forbes:

Ed Coghlan's story is the same as so many others: Over the last year, the North Hills, Calif., owner of a corporate communications firm has seen his retirement accounts dwindle from the low seven figures to the mid-six figures. While Coghlan, 59, isn't destitute, that decrease does mean that he'll have to work longer than he expected.

"I planned on retiring at 65," he says. "Now I expect to be working until my 70s."

Coghlan's not alone. The baby boomers--defined by the Census as those born between 1946 and 1964, and the largest and richest generation of Americans to date--have seen their savings depleted by 20%...

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