Originally Posted by dango
That would appear to be the the case and I wish I hadn't learned that so late in life. But , as always , I have have a card up my sleeve.........! Would I depend on anything but me ? No.........!
Advice: Don't solely depend on that 401 K.........!
I don't solely depend on the 401k. I also hope to have housing investments (rental properties) a fully funded Roth IRA in totally different investments than my 401k, and the contributions that my wife makes to her 401k again, totally different investments.
It's all about diversity to survive the down times...and quite a bit of luck.