I don’t recall that talk, can you provide a link? Might it have been scare tactics from the right? I’m interested.
google “Teresa Ghilarducci” and “congress”
Ever time the dems are in power they want access to the wealth in the 401 k plans.
During Clinton’s years, the idea was to take 10% of the existing balances and 10% of all future contributions and ‘invest’ those funds in the inner cities.
Elizabeth Warren thinks your 401k funds should be invested in annuities managed by the federal government.
I just posted one link. Google “guaranteed retirement accounts”.