The 401k plan is basically just permission to defer taxes on your own personal investment strategy. While that can work out as a viable retirement strategy for

The 401k plan is basically just permission to defer taxes on your own personal investment strategy. While that can work out as a viable retirement strategy for some people, it's not really the basis of a solid, dependable retirement system for a nation. > The social security tax id capped. But so are the benefits amount. If you increase one, you have to increase the other. I don't believe that the laws and regulations for SS require this.