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Baby Boomers who can't retire are in almost every organization.

Stung by the recession, many have watched their 401(k)s plummet. Others have plundered their retirement savings to make mortgage payments or help their kids go to college or stay afloat. The result: Thousands are psychologically ready to retire, but financially unprepared and unable.

"With the decline in pensions [and] defined-benefit plans, it's becoming apparent that people have been woefully deficient in putting enough aside to meet their retirement goals," says Kent Allison, partner and national practice leader in the financial education practice at PwC in New York. "The average 401(k) balance is $25,000. Among those over the age of 50, it's only $100,000. It's in no way sufficient to replace what historically was provided by a defined-benefit plan."

Thirty-seven percent of 1,700 working American adults nationwide cited not being able to retire on time as their top concern, according to PwC's 2012 National Financial Wellness Survey. That's an increase of 19% in just one year. Not surprisingly, more than half (53%) of employees said they plan to retire later than they had previously planned. Sixty percent of those individuals said they were delaying retirement because they hadn't saved enough.

Source: Human Resource Executive, November 2012

John Agno: Books for Boomers: Reviews & Coaching Tips (FREE)

Boomer Retirement Life Tips explores their personal strategy and saving for retirement to where they will retire, how to handle aging parents and adult children, to health and wellness tips for aging like fine wine and deciding on a phased retirement or encore career.