As a result of the economic downturn, seniors and pre-retireesare more concerned than ever before about their ability to lastthrough retirement — especially since they're living longer andtherefore spending more time (and money) in retirement.

According to a new report from the Society of Actuaries (SOA),38 percent of retirees and 49 percent of pre-retirees say they aremuch more concerned about their financial situation in retirementthan they were prior to the economic downturn. Despite theirconcern, they have still not taken steps to protect their nest eggfrom further economic and financial turmoil.

The new report, The Impact of the Economy on RetirementRisks, assesses the impact of the recession on retirementplanning based on findings from the 2009 Risks and Process ofRetirement Survey Report, also from the SOA. Thenewly released report addresses factors affecting retirementsecurity, including the effects of delayed retirement, equity investments and portfoliomanagement, changes in spending habits, and new approaches toquantifying adequacy of retirement wealth. Respondents wereevaluated on their awareness of retirement risk, how theirawareness has changed since the recession, and how they haveadjusted the management of their finances as a result.