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No. of Recommendations: 0
Sorry, but I think this guy was going to be ill-prepared for retirement even if his company hadn't gone bankrupt. While his company going bankrupt was a bad blow to him, there appear to be lots of opportunities where he could have done better planning. This story seems to completely ignore those issues and tries to place the blame on the disappearance of pensions and the new reliance on 401(k)s and IRAs.

It's nice to know I'm not the only person that thinks he was simply unprepared. I'm stunned to see so many people trying to find justifications for how little he saved.
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