>employees of small and less well funded businesses
For example, a startup without the funds or time to do all the HR to allow for 401ks is disadvantaged because their employees cannot contribute as much to a retirement account as someone who works for a business that offers a 401k (or for themselves).
A person has the following choices:
1) work for a business offering a 401k (usually larger, well funded, etc)
2) work for themselves
3) work for a small, upstart business (usually smaller, not as well funded, etc)
Why does working for #3 disallow you from saving as much for retirement? Why are tax advantaged retirement savings a function of your employer at all?
Same for paying for health insurance with pre-tax income.
>employees of small and less well funded businesses
For example, a startup without the funds or time to do all the HR to allow for 401ks is disadvantaged because their employees cannot contribute as much to a retirement account as someone who works for a business that offers a 401k (or for themselves).
A person has the following choices:
1) work for a business offering a 401k (usually larger, well funded, etc)
2) work for themselves
3) work for a small, upstart business (usually smaller, not as well funded, etc)
Why does working for #3 disallow you from saving as much for retirement? Why are tax advantaged retirement savings a function of your employer at all?
Same for paying for health insurance with pre-tax income.