If you research the history, you discover that the 401k was designed for the C-suite, not ordinary workers. Some calculating Wall Streeter(s) somewhere decided

If you research the history, you discover that the 401k was designed for the C-suite, not ordinary workers. Some calculating Wall Streeter(s) somewhere decided that it's a reasonable retirement vehicle for ordinary shlubs. It is not. See this: https://www.pbs.org/wgbh/frontline/article/teresa-ghilarducci-why-the-401k-is-a-failed-experiment/ https://www.pbs.org/wgbh/frontline/article/teresa-ghilarducc...