05-18-2014, 08:55 AM
Every decision/action carries risk. What more can a person do other the best that he/she can? Save to the max, hopefully in excess of 20% of gross. Employ a balanced investing approach that gives the best shot at solid total returns through various business cycles. Hedge and insure where practical to do so. Etc., etc....... And then be prepared to roll with the punches, because there will surely be several major ones to hit over the course of a 4-8 decade investing and withdrawal horizon. Due to circumstances that are mostly beyond one's control, some of these responsible savers will be able to retire at age 50 or less if they choose, others will hit the mid 60's only to be faced with the reality of having to work another ten years or longer. There is always the crap shot component, no matter how much we would like to think otherwise.
Alex