May 29, 2022
6 min read
Against Cozy Catastrophies
Cowering in a luxury bunker is a lousy retirement plan.
In 1978, Jimmy Carter’s IRS created the 401(k) retirement program. Prior to this, most Americans had two ways to enjoy a dignified retirement: Social Security, and employer-provided defined-benefits pensions, which guaranteed you a proportion of your final salary every month from your retirement until your death.
