Exactly. Even if we are successful in getting pay raises of 22-7-7, the actual 'winner' will be the IRS, as they take their 35% cut out of our pay.

If we are going to keep a DC plan, we need to start lobbying for a much higher tax free contribution level, so we can put more of that money into our retirement funding than into Uncle Sam's pockets.

A 'tax free' DC contribution of only $58K per year, for 10 years, is only $580K, plus or minus market gains/losses.

How long do you think you can live in retirement on $580K?

Yeah. Not long.