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Message: <blockquote data-quote="refineryworker05" data-source="post: 2899838" data-attributes="member: 66082">This is all true. The 401k was really designed for individuals with much higher than normal incomes.  I think Kodak lobbied the government to give the income of two highly paid execs this special tax consideration and not be taxed.  That's why its called the 401k because that's how its designated in the tax code.The median American worker earns $28,000-$29,000.  It is going to be nearly impossible for most workers to take money out of that in large enough amounts over many years to save a substantial amount of retirement money and the actual reality of 401k's bares this out. They don't work for most workers.</blockquote>