There will probably always be social security but expect them to tax the hell out of it, if you take it and have other income.
I think the break even date is around age 74-78 if you start collecting at 62. From then on you are losing money.
I have retired twice so far (at 49 and 58)
I may take another gig if it is attractive.
My wife works so I can't afford the taxes if I start collecting SS before she retires.
Trumpy a 401K is a tax deferred savings plan. You can't start tapping it until you are 59½. Employers may match contributions but this is usually in lieu of a real retirement plan. Again, I bet you anything that the government is going to tax the hell out of this if you make much over the poverty level in retirement. One problem with the 401k is that it is pre-tax money and the government is not obligated to treat the withdrawls kindly.
I really think they will strongly discourage massive withdrawals and the negative impact on the stock market by using abusive taxes.
