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March 10, 2010

Market rebounds, but not retirement dreams

  • Financial markets have dragged down retirement accounts and some workers are tapping into what's left.
    • By DAVID PITT
    AP Personal Finance Writer

    DES MOINES, Iowa — Tom Taormina is 65 and has no retirement savings.

    The Virginia City, Nev., business consultant said it's not for lack of trying. He and his wife, Midge, have tried to save and at one time invested in the stock market, but it's all been depleted.


     
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