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Retire Better: The biggest bull market ever — yet disaster looms for millions of retirees

First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 SPX, +0.74% has rocketed from a devilish 666 to over 3,000 today. That’s a gain of 350% in 10 years. Talk about building wealth.

Now the bad news: This incredible period of wealth creation has bypassed tens of millions of older Americans — perhaps including you. That’s because — get this — the wealthiest 10% of households own 84% of all stocks—and that includes pension plans, 401(k) accounts and individual retirement accounts (IRAs) as well as trust funds, mutual funds and college savings programs like 529 plans.

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