Self employemnt is a bitch. Ya' pay more into Social Security and ya' can't get no breaks on hospitalization. I reckon if I had a big company it would be different but I'm the pop of my small mom-n-pop company. Yep, just me mostly and the wife teaches music privately so no group there either.
That's why there ain't no 401K! After scraping up what the IRS wants, paying $800 a month the Blue Cross/Blue Shield, business loans, morgage and living expenses there's a big *echo* in the bank account. I do have one investment property and if I don't get any frivelous lawsuits brought against me (small businessman's worst nightmare...) then I'll be okay, but remotely well off.
I would guess that there millions and millions of folks like me who will end up having to pay thru the nose for perscription drugs in our old age. For a lot of middle income Baby Boomers, this won't be our parent's style of retirement.