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Another big problem is that 401Ks have a "longevity risk". Saving as an individual, you must save enough to handle the very remote possibility that you will l

Another big problem is that 401Ks have a "longevity risk". Saving as an individual, you must save enough to handle the very remote possibility that you will live past age 100. A pension fund, on the other hand, can safely assume that on average pensioners will die long before that. So a responsible 401K holder must oversave.

walshemj 9y ago
401's have ridiculous low contribution maximums and you don't get any tax rebate unlike the UK where you get relief at your effective tax rate
gozur88 9y ago
In theory you can hedge that risk with an annuity, and anyway you get social security until you die.