One's Belief in Reason Suffers

From a Consumer Reports piece [subscription probably required--emphasis added] on finances:

Retirement-planning strategies encourage investors to diversify beyond safe vehicles such as bonds and CDs. Our respondents who had planned were less conservative, in general, than those who hadn't. Before the meltdown, that approach benefited them, according to our 2007 survey. But it proved punishing during the unusually severe market downturn of recent months. So pre-retirees who had done more planning reported worse losses, on average, than those who hadn't planned.