Please, anyone listening, regardless of what you are promised at retirement, do deposit money in a 401k or IRA if you have the chance. Many company's will even match your contribution up to a certain amount. You will not find a financial advisor or tax accountant that will not say this is the best investment for your future you can make. If possible get the tax free Roth version as we all know down the line we all are going to be taxed at a higher rate than today. Your individual plan can be held in a great variety of ways including real estate, gold, stocks and bonds, or banks and credit unions.
Thom is doing a great disservice to himself, and anyone listening, to this irresponsible and incorrect advice on this or any investing topic. I had a middle class income for over 45 years and deposited as much as I could the entire time. I have now reitred with more money than I will ever need. The plus side is, my kids will be covered if the government does not come to steal it first.
Your ignorance is no excuse Thom. Please stop giving investment advice to anyone over the airwaves. You are not qualified.