, Columnist
How to Avoid a Retirement Disaster
Be aware and be realistic. But most of all, diversify.
This is the goal.
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The $140 billion drop in the value of General Electric Co.’s stock price during the past year gets the full human interest treatment in the Wall Street Journal. I don’t want to minimize the deep individual suffering of those who had their retirement savings tied up in GE’s stock, but it is as good a time as any to examine a host of human failings. My hope is to help others avoid a similar fate.
The Journal sums up the scope of the problem this way: