Tom Taormina is 65 and has no retirement savings.
The Virginia City, Nev., business consultant said it's not for lack of trying. He and his wife, Midge, have tried to save and at one time invested in the stock market, but it's all been depleted.
"We're scrambling to make it through the next 20 years," he said. "We're doing everything we can to set money aside, but every time we do something unforeseen comes up."
They've downsized and cut expenses. He no longer drives a leased Lexus and now sits behind the wheel of a 2008 Subaru Forester. He also brought in an investor on to help with his business, The Taormina Group Inc., a …
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