It would be nothing more than SS Part 2...another kitty from them to dip into...and with nothing going to heirs.
Baloney! Corporations manage 401K plans, not individuals. In most cases, individuals have but a few choices.
Some of the choices are cash and other "safe" investments. Further, stocks are risky, but provide a much greater reward. Every company that I have ever put money into a 401K has provided education and suggested age appropriate investment models.
Most people have not been taken to the cleaners. Rather, dems want an excuse to get their hands on more wealth.
Amazing. Seize 401Ks which are owned by individuals, but don’t touch Social Security which is controlled by the government.