Matt Barrow wrote:

By that time, it's too late for that to do any good.

Why?

Let's say you got two job offers in 1984. One company offered you $30,000/year
with a retirement package that would continue to pay you 1/3 my salary if you
retire after 25 years. Another company offered you $32,000/year with no
retirement package. Both companies are assumed to offer similar percentage
raises as time goes on.

You have a choice. Accept the higher paying job and save for retirement or take
the lower paying job and go for the security. You take the security.

Twenty years later, your firm eliminates or heavily curtails the retirement
package (whatever their legal situation allows them to do). It's too late to go
back and get that higher salary that would have allowed you to build your own.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.