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sam1714yesterday at 5:28 PM1 replyview on HN

Not for the majority of retirement savings in the US, where Social Security makes up only about 25%.

In the case of 401(k)s/DC plans and private pensions/DB plans, the government allowed savings without "confiscation," i.e. immediate taxation. They gave us the benefit of deferred taxation if you wait until retirement age.


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foxyvyesterday at 5:41 PM

What about the people who do not make enough to save and all their money goes to inflated living expenses? When do they get to retire?

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