by Patrick Appel
Felix Salmon reacts to news that "by the end of the second quarter, 22% of [Fidelity's] 401(k) participants had borrowed against their accounts." He thinks 401(k) contributors should make more conservative investing choices:
Very few people are so well off that they can be certain they’ll never need to tap their retirement funds before retirement. The rest of us should be a bit more realistic about that possibility, and invest accordingly.