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Median 401(k) Balance Down to $23,000

Median 401(k) Balance Down to $23,000

Photodisc/Thinkstock(NEW YORK) — At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k)—until the recession and a chain of unexpected events drained his fund completely. Taylor’s story …

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