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While I agree that it is something to consider for some people, I think the key sentence in your discussion is:
Assuming that we actually receive social security and state pension checks, I think that the
potential additional payout from a higher average salary could be significant.


If you are only a few years away from retirement, this issue could be significant, since 1) you can be pretty certain that you will be receiving SOMEthing in SS or pensions, 2) it is likely that you are in your highest earning years, so the % going to 403b is significant, and 3) you won't have much time for the 403b money to compound.

But for someone like me who is many years from retirement, the chances of SS being there are pretty bad, and this problem is likely insignificant.

FG
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