Quite parallel.
Uncle SAM will convert all funds to federal bonds at 3% guaranteed. Risk will be negated so, my fund that has been averaging 8%/Y (according to my risk choices) will be....
wait for it...
just as safe as Social Security.
As that guy told my buddy on his first day at the REPO job: put your hands on my car and that is where they are going to stay.
Of course they will means test it before you can get a distribution to see if you really need it.
And Bush got hammered because he dared to propose where you could put 10% of your FICA in an approved gov’t investment account??