> Doesn't it strike anyone as wrong that we should be entitled to essentially guaranteed returns for retirement savings? The only guaranteed returns are nomina

> Doesn't it strike anyone as wrong that we should be entitled to essentially guaranteed returns for retirement savings? The only guaranteed returns are nominal government bonds (currently about 4.5%) and inflation adjusted government bonds (currently about 2.15%). Everything else has a risk component. And even the inflation adjusted one is under the assumption that you agree with and trust the government’s calculations for inflation. The more general concept that you’re entitled to keep money you already have or that you’re entitled to the gains of money you already have (or the risks you took) is fundamental to capitalism. If you’re going to throw that concept away, you’ll be hard pressed to find a working long term example of success.