Plunging stock market affect retirement plans

   Most people who are in their mid to upper 60s have planned for retirement for some time. Individuals who did not and who put all of their faith into social security or even pensions being their post-employment salvation may have turned to other investments to create a sizeable retirement nest egg. Now that they’re thinking of saying good-bye to work, people are finding that nest egg has diminished thanks to the failing economy and plummeting stock market.

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