I don't have much faith in retirement plans either, since they are all ultimately Ponzi schemes of one stripe or another. I'd rather have some tangible property where I don't get an email at 3:00am telling me all my money is gone. Madoff, MF Global, etc.
I say that, but given that the oldest baby boomers are now 66, it might be worthwhile to get back in the stock market in about 5 years when it's half its current valuation from all the 401(k) selloffs.
Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.
Also author of Stick it to the Man!
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