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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (219046)	2/13/2005 9:10:46 AM
From: RetiredNow	Read Replies (3) \| Respond to of 1574852

Yes, I read it. It basically tells the story of a plan that was botched through the execution. I mean 675 funds? That is lunacy. You can't depend on the common man to be able to make those kinds of decisions. The plan should be simple: lifecycle funds for every 5 year increment. That would make investment decisions a no brainer. You just choose what year you plan to retire and then invest in a fund that is near that date. Then any wild market swings would not impact people who are about to retire. For proof of that last sentence, look what happened to the Freedom Income Fund (FFFAX), Freedom 2000 (FFFBX), and Freedom 2010 (FFFCX). All of them held up extremely well during the downturn of 2000-2002. I'm sure in Sweden, with 675 funds to choose from, their people approaching retirement were probably inappropriately invested, probably heavily in stocks. Any financial planner will tell you that when you get close to retirement you should be more heavily invested in money markets and bonds, rather than in stocks. Any U.S. plan should make sure the participants don't have choices that will be bad for them.