IRAs were available then, too. And we did start ours in our 20s. Now you're jumping to several different arguments. Your original statement that I responded to was specifically about 401Ks being available 30 years ago to every 25 year old.As for IRA's being available, of course they were, but the contribution limitation was low $1500 IIRC, and the investment choices were limited (mostly CDs). (And just for the record, I started mine in my 20s also.)As for non-tax-deferred accounts, such as brokerage accounts, keep in mind there were no 'on-line' or 'discount' brokers 25 years ago. One would probably have been better off putting the money in a 1% savings account, at least that way the broker wouldn't have milked you for whatever remained in your account after his losses on the investments. '-)Or, one could have purchased CDs.For the truly worried about retirement, there were public jobs with pensions - teaching, state and Federal employment. Even in today's information-rich environment, do you currently know many 25 year olds who are "truly worried about retirement"? Most of the ones I know have just graduated college and are still sponging off their parents.2old
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