@guerrillarain But, you see, they couldn't just kill off pensions without making a replacement...
...so they had to make an alternative that requires the employee to put some of their take-home pay in (reducing actual wages), and is tied to the stock market, so if it goes wrong, they can just blame the employee for being irresponsible with their investment decisions. (Never mind that most 401ks are tied to premixed portfolios, so your ability to actually decide is poor...)
@guerrillarain The limitations on accessing the money are, however, meant to prevent a 401k from being used for tax evasion, as I understand. Which, that's fair.
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