Status Updates From Retirement 101: From 401(k)...

Downsized fixed expenses

The promise of a comfortable retirement is increasingly becoming a luxury, not a given, for those who 'worked their ass off for peanuts

Mental and Emotional Toll
The constant stress of financial insecurity, the worry about not having enough, and the feeling that a comfortable retirement is an impossible dream can take a significant toll on mental and emotional well-being throughout one's working life.

The "Work Until You Die" Mentality: For some, the reality of working for inadequate pay means that traditional retirement (stopping work completely) is simply not an option. They may face the prospect of working well into their later years, even if it's part-time or in less strenuous roles, just to make ends meet.Grinding tirelessly for next to nothing.

Tied to Employment: The 401(k) is employer-sponsored, meaning if you change jobs, you have to decide what to do with your old 401(k) (e.g., roll it over to an IRA, roll it into your new employer's plan, or leave it with the old employer). This adds a layer of administrative hassle.401k is bullshit