Reinventing Retirement Planning

NEW YORK (MainStreet) — The old paradigm of retirement planning went something like this — sock away up to 5% of your paycheck in a retirement account (ideally matched by your employer) and hope the diversified index of stocks and bonds you buy grows enough over time to finance a comfortable and anxiety-free retirement.

But times have changed, and retirement strategies are changing with them. Many investors — especially those that saw much of their retirement savings vanish in the recent financial meltdown — have grown skeptical of the stock market as the reliable retirement option.

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