Paradise Lost: Retirees Scramble to Recover

Paul Rollins, 68, and Jan Moran, 60, came to Asheville, N.C., for the same reasons as lots of active retirees did: the Blue Ridge Mountains, the mild climate and a downtown so pretty and lively that the city has sometimes been called the Paris of the South. But when the stock market crashed, it took their plans for a leisurely retirement down with it. "Well, it just made it a nonissue, because our savings have been depleted by 40 to 50 percent," Rollins said. "We have to find some way to... Full Story