Most of what we focus on when planning for retirement makes little long-term difference.
The single biggest determinant, having more importance than all other factors combined, is the performance of the stock and bond markets. We nevertheless tend to ignore the powerful role they play because we are helpless to alter their future course. So we gravitate instead to sideshows in which we have more control, even if they make little long-term difference.
Read more at Morningstar
