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elharo comments on Why is it rational to invest in retirement? I don't get it. - Less Wrong
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I don't think the marginal dollar invested in a retirement account yields anywhere near the utility of the marginal dollar spent elsewhere, even with the tax advantages. Freezing your money for decades is a huge deal. If you're 55, sure, go ahead; if you're in your twenties, putting money into a retirement account is almost as bad as setting it on fire.
There are various ways you can take money out of your retirement accounts if you need to, with and without penalty. For instance, you can take loans against a 401K.
Meanwhile I'm updating my outline for a rational financial planning sequence. I think I may have to begin with posts on why it makes sense to plan for retirement, and how cool compound interest is.
I'd love to read that :)