A well-designed 401(k) plan is an enormous competitive edge when recruiting and retaining employees.

Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.

We think it's very important, we think it's vital and it's just another step in retaining and recruiting members for the volunteer fire department and the ambulance service also because it includes them.

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance, do not think long term. All of you - All Of You - have done a horrible job managing your retirement plans.

I admire artists who are ageing and still retaining their edge.