> when you are living paycheck to paycheck, retirement takes a backseat to rent. Even if you can't afford to save for retirement, you really can't afford not

> when you are living paycheck to paycheck, retirement takes a backseat to rent. Even if you can't afford to save for retirement, you really can't afford not to. > There is an option, it's fully funding social security by lifting the income cap That's kinda correct. The income cap on Social Security is effectively a regressive tax. But it won't help fund retirements into the future. By law, Social Security only invests in Treasuries. This can't provide the returns needed to fund retirements unless the worker-to-retiree ratio massively improves. Social Security should be allowed to invest in VTI or some other broad-based investment vehicle. This aligns the incentives correctly. We don't want current workers paying for retired workers. We want rising productivity in the economy to do that. > It will be a disaster if private corporate leaches get involved +100 company 401k plans are effectively leeches that suck away returns. Detach 401ks from employment and make them like IRAs instead. Cheer as Vanguard drives away the parasites who charge high management fees.