This columnist comments on a report called Retirement 20/20 that claims 401k's are too risky. One participant compares self-directed 401k retirement investing with performing minor surgery on yourself.
"Emily K. Kessler's job is all about risk. She's not a stunt double, or a fighter pilot, or even a preschool teacher (think of the germs!). She's an actuary -- she studies risk for a living.
So when Kessler decides something is unduly risky, it's worth listening. Her current concern: retirement plans. Kessler, who works for the Society of Actuaries, wrote the report for a group called Retirement 20/20, a collection of pension and financial experts who took a look at the troubling transformation of our nation's retirement systems."
http://www.washingtonpost.com/wp-dyn...050402671.html
I'd like to look for connections between the Society of Actuaries and brokerages.
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When the wind changes, change tacks.
The Retiree Formerly Known as SoonToRetire (TRFKASTR)
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