I agree with you and I see the main problem with the current US pension system is the lack of clarity. This allows bureaucrats and politicians to spend money co

I agree with you and I see the main problem with the current US pension system is the lack of clarity. This allows bureaucrats and politicians to spend money collected to support old folks in the future for unrelated pet projects now. Social Security and similar schemes are valuable (even if trust fund is completely spent SS would still provide good benefits from current contributions), but I personally trust my 401k more. My 2c.