I've got some news for him ... sometimes people invest in their 401Ks and GASP.... when they might want to withdraw from it in retirement, if the country is in

I've got some news for him ... sometimes people invest in their 401Ks and GASP.... when they might want to withdraw from it in retirement, if the country is in the middle of a depression or a recession, guess what? It's worth a fraction of what it once was. Same goes people who bought ridiculously priced homes in the run-up to 2008... Guess what? Thinking that $600,000 3-bedroom home in the desert near Phoenix, AZ was a good retirement vehicle was not a good choice. And to a lesser extent, this is another example, a sad one, of people choosing to avoid diversifying their sources of wealth and income. There's simply too much risk by having ALL of your eggs in a single basket. It's on the one hand easy to sympathize with this case but on the other, I don't think there is anything due him economically.