Retirement

I just rebalanced my large-cap top-heavy 401k to further diversify my portfolio which hopefully spreads my risk (and perhaps rewards) amongst several sectors.

The trouble with 401K's (verses a traditional defined benefit plan) is that it empowers individual investors who have little time, training, or in depth knowledge in making sound and/or strategic financial decisions.

So take away or reduce the old pensions of days gone by and give me the power to lose my $$ in funds that don't perform as advertised; that does not make me comfortable at all.

Of course the way our profession is going, by the time I want to retire - the FAA's Age 65 rule will be replaced by a new "fly-'till-you-die" rule.

Where's my mattress?