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Comment by rlt | Hacker News Reader
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rlt
·
He called Social Security a Ponzi scheme, not 401(k)s.
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mandeepj
·
Both are your retirement funds! So…you call one, you call the other one as well.
mgh95
·
Not really. Social security is a defined benefit plan that requires new payors to fund todays expenses. 401ks are a defined contribution plan. Very different.
rlt
·
That logic doesn’t hold.
A and B are X, A is Y, therefore B is Y? Nope.
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