Tired? Retire

I think that "401k" is fraud.

"In fact, 401(k) plans were never intended to be workers' main income upon retirement. Instead, they were intended as a supplement to pensions and social security." Yeah, bullsh*t. We never heard this talk when the market was on fire.

Part of the misnomer of 401k plans, I suspect, is the fact that employees are encouraged to contribute pre-tax income to a mutual fund manager who is paid millions of dollars a year (by the mutual fund) with comparatively poor performance in comparison with what the individual could do AFTER-tax. Regardless of the marketing position most mutual funds have, few mutual fund companies have very low overhead, and any appreciation that might occur is stifled by compensation to the manager, management fees, and the like. And as we've witnessed, even in boom times, fund managers really aren't that good at improving your net worth past the rate of inflation, in many cases. However, the 401k phenomenon is very similar to the way we as a culture percieve voting rights in our democracy. Very few citizens are proactive in learning about the issues and candidates presented in upcoming elections, and very few citizens take a similar approach to managing their so-called "retirement" income.