JOE NOCERA: My Faith-Based Retirement: "The 401(k) is a failed experiment. It is time to rethink it.”

Oh, absolutely. I started my 401(k) well after Mr. Nocera did, kept to a few simple rules (diversify; leave alone) and now -- at 67 -- I have more than enough money to live on even if Social Security and my pension go bankrupt.

That's because I have faith in my ability to take care of myself and my family. No, Mr. Nocera, the fact that you're incompetent doesn't mean that the 401(k) is a failure; it means that you're incompetent.

Much, much more over at Instapundit.