On the flip side I know people who have completely squandered their 401k due to poor financial habits, and others who are getting a check, monthly, for life. G

On the flip side I know people who have completely squandered their 401k due to poor financial habits, and others who are getting a check, monthly, for life. Guess which one of those two is happier? Sure, you may say the first group was foolish, but we are talking your average American workers here not an investor-savvy class. Perhaps make it an option, if you want to gamble go for it, if you lose don't come crying for your retirement checks.