An inferior savings plan that can rug you at any moment.

1BTC = 401k$ in 2024 that is my pension plan

A 401(k) is an employer-sponsored retirement savings plan that offers significant tax benefits while helping you plan for the future. With a 401(k), an employee sets a percentage of their income to be automatically taken out of each paycheck and invested in their account.

Originally came about as replacement for company sponsored pension plans.

Now it is a ponzu scheme basically.