>The closer to retirement you get the more you shift out of risky equities and into safer, lower-returning investments. Which is the same nonsense that people

>The closer to retirement you get the more you shift out of risky equities and into safer, lower-returning investments. Which is the same nonsense that people have been spewing for years, in articles just like this. It's wrong. "Bonds" aren't inherently less risky than equity. This will become apparent when interest rates rise, and people who piled into bonds at historically low yields get hammered. Like the article says, and is being discussed throughout this thread, if you want to make enough money to retire following rules like this, you're going to have to sock away far more than is realistic for 90% of Americans. The only answer is to learn as much finance as you can, which also isn't realistic for 90% of Americans. It's a tough situation.