From MarketWatch.com: Want to retire? Stop chasing returns - MarketWatch
"It (retirement preparation) needs to include strategies for dealing with income tax, conversion of assets into income, income gaps, Social Security, Medicare, long-term care, retirement housing options, insurance, debt, retirement plan distribution options, the aging process, estate planning, and other issues. Retirement income planning is a highly specialized discipline that requires specialized continuing training as well as experience and expertise in both financial and nonfinancial matters.
If you're within 10 years of retirement, the next time that the Dow is up 200 points, ask yourself, "How will this affect the amount of my lifetime retirement income? If you're unable to answer this question, you're not alone."
So true; we are no longer young. Chasing returns is not good for the young and old, especially for those with short time horizon.
I wish that I had sold off some equity yesterday... regrets, I had a few...