[quote=harvey][quote=XBoxBoy]Not sure how to fix that, but it seems to me to be a big issue lurking out there.[/quote]

How to fix what?

My belief is that the only problem the government needs to fix is the risk of the elderly and disabled becoming destitute. Government has a responsibility to address humanitarian risks that could impact large populations.

And the federal government fixed that problem decades ago with Social Security and Medicare.

It’s not a responsibility of government to ensure a comfortable retirement for everyone.[/quote]

Whoa wait a minute!!! Where did I say I thought the govt. should do any of the fixin’?

My comment was to point out that from where I sit, there’s going to be a lot of people who are going to be really surprised that they aren’t going to be able to work until they drop and that they are going to find their standard of living will drop significantly when they find themselves retired.

That seems to be the fault of those people, and to be a symptom of moving from defined benefit plans to 401ks. To me the problem mostly stems from people not being savvy enough or responsible enough to plan for their retirement. I don’t know how to fix that lack of knowledge and responsibility. But mostly definitely don’t take that to imply the govt. should fix it.