HLS wrote:Someday the 401K

[phaster]

[quote=HLS]Someday the 401K system may seem as strange as this one does…

Over 100 years ago in America — before Social Security, before IRAs, corporate pensions and 401(k)s — there was a ludicrously popular (and somewhat sleazy) retirement scheme called the tontine.

https://www.washingtonpost.com/news/wonkblog/wp/2015/09/28/this-sleazy-and-totally-illegal-savings-scheme-may-be-the-future-of-retirement/

https://en.wikipedia.org/wiki/Tontine%5B/quote%5D

recall an episode on MASH I watched as a kid about a “tontine” but it involved a bottle of wine

http://aftermash.blogspot.com/2009/10/episode-187-old-soldiers.html