No. of Recommendations: 1
Most people just want to be told what to do

And I think that that is a huge part of the problem to the approach of letting people "manage" things. I dont even know if it is smarts, it is just that the vast majority of people find it easier to be led than to lead. Even when something so important as their retirement is as stake.
Call it personal human inertia if you want to. Unfortunately the people who are Foolish are in the minority. Even Fools dont necessarily know everything(as was pointed out before). Multiply the horrible financial disasters that most peoples retirements MIGHT become by millions. And the social cost to our economic and social systems becomes scary. Extrapolate the opportunity cost. Govt funding has to be diverted from growing the economy(and thus indirectly investment worth)to bailing out these millions of people. It is always easier and cheaper having a well thought out and integrated disaster plan in place than to try to come in later and clean up the mess.

Magique "IMHO" Darkayne
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