This article by Evan Cooper in Investment News is worth the read.
Although I disagree with Mr. Cooper’s conclusion that successful investing is not one of the keys to a successful retirement (just because an investor hasn’t been able to identify and commit to a number of the several market-beating investment approaches available doesn’t mean that it isn’t possible), I heartily agree with his sentiments on saving and spending. Saving and restrained spending are the unsexy aspects of retirement planning that make an enormous difference in the standard of living that will be enjoyed in retirement.
