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Urge to splurge amid US retirement savings boom

The dramatic 2017 stock market rally has boosted the nation's 401 (k) accounts to record heights, making the painful 2008-2009 stock market crash feel like ancient history


RECENTLY, financial adviser Joseph Kelly visited a client who had seen the value of his retirement savings soar, thanks to a surging stock market.

"He said his account was up 18 per cent, and he asked me, 'What should I do with it?'," recalled Mr Kelly, who works in...

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