would a pension have been nice but never worked where i would have one.
i agree that 401ks aren't quite the answer. but in the age of not having pensions its one of the best ways to save. a big issue i see with 401k's is that LOTS of people who are offered them do not contribute, even when a company match is provided.
i save a good % of income to my 401k. but i also put money in an ira, roth and have a rental property. not to mention the luck of an eventual inheritance.
as for your information about fees etc... $180M a day in fees for 401k's is a lot. but what percentage is that compared to 401k assets?
but now. how waht are the fees seen per day in ira's, roths, brokerage accounts... etc.
or if you added up the fees for all the pensions in the country, what would that number be per day? or by percent of assets.