[kearnyirish2]

I suspect SS payments will be means-adjusted in the future (rather than based on your contributions); I work with many childless Americans who reduce their current income tax burden with retirement plan contributions, and I fear that will bite them in the arses when they retire.

I work with a woman who complained that her mother had to return to work because SS was inadequate; when I asked what work her mother did, she responded (without a trace of irony) that she babysat for cash. When I asked what work she was doing now, the reply was that she was doing more of the same...

[blackdog]

"Americans who reduce their current income tax burden with retirement plan contributions, and I fear that will bite them in the arses when they retire."

Hey........That's me you're talking about. Although I have three kids. I have saved the maximum every year, as has my wife, in 401K Contributions for 33 years now.

Thanks for the " great job taking care of your own needs" talk.