In Case You Missed This... 'My Faith-Based Retirement' - By Joe Nocera/NYT

[dkf]

3. He made some bad decisions...

"The bull market ended with the bursting of that bubble in 2000. My tech-laden portfolio was cut in half. A half-dozen years later, I got divorced, cutting my 401(k) in half again. A few years after that, I bought a house that needed some costly renovations. Since my retirement account was now hopelessly inadequate for actual retirement, I reasoned that I might as well get some use out of the money while I could. So I threw another chunk of my 401(k) at the renovation. That’s where I stand today."

How is he supposed to retire if he used it to fix his house and what did he expect? I bet he spent a chunk of change on that...have you seen the cost of renovating a kitchen? Crazy.

He is pretty brave to fess up on this seeing as how he is a financial columnist.