401(K) is retirement savings that are directly deducted from your paycheck, where your employer will match your own contributions to the fund.
Social Security is a government program that gives the elderly funds once they retire.
Social Security is such a controversial program in society today because there are so many people are retiring that the government fund for social security is not enough to give all of the retirees enough for all the years they live after retirement since people are living so much longer today.
Retirement is kind of like personal savings. You have to save your money over time for retirement just like anything else you have to save for. With retirement you will eventual get use out of your money in the future.
It is important to star looking at retirement funds now instead of 10 years from now because your retirement will last longer if you look at your retirement now, allowing you to work less when it comes to the point in your life where you have the option to retire.
http://www.cnn.com/video/#/video/bestoftv/2013/04/11/exp-tsr-norquist-sanders-budget-intv.cnn
http://caffertyfile.blogs.cnn.com/2010/07/21/do-you-think-social-security-will-be-there-for-you/?iref=allsearch
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