[rabscuttle385]

The plan would be to take your 401K and replace with a “promissory” note to be paid at retirement.

Isn't that what the Federals already do with Social Security receipts?

[CurlyDave]

Isn't that what the Federals already do with Social Security receipts?

The Supreme Court has already ruled that the government has no obligation to pay Social Security. The law can be changed at any time, reducing your already-paid-up benefits by any amount the government deems necessary. They can even reduce them to zero without any legal problems at all.