The 401Ks were just another scam for the rich to get their hands on your money, as many have now found out. Given the many variables, only a public pension like Social Security ever made any sense at all, but notice how many of the commenters who somehow dodged the bullet are convinced of their own moral superiority.
Faith-based retirement
Got it, girlfriend! Thank God Almighty I was tipped off early, long before the shit hit the fan. I retired in ’03 on a disability from the school system, took my 402 (I think it was a bit different from a 401, I dunno), took my ducats—about $25,000.00 of ’em—-and got the hell out’a Dodge. Wow, was it ever so close, but, I’m like, fuck ’em, I always felt it was a poker bet to begin with.