/biz/ - Business & Finance

>>17398425
It's an incentive to get people to pay for their own retirement. Obviously cash would be better, but tax advantaged savings will always beat non-tax advantaged savings when investing in comparable funds.

If you're going to complain about 401ks it should be that they have failed to provide retirement for most Americans. If I get divorced, sued, or injured my 401k funds can be raided by vendors/lendors to pay for my debts. They can't do the same to a pension fund.