It’s simple, Leave all the rules on collecting social Security funds the same. Just give the person contributing a choice of where he would like his money to go (either traditional Social security or 401k).Maybe this is a little too simple, but it seems to be plausible.
Obviously the ultimate disregard of jurisdiction is the income tax and all of the diseased fruit that comes from this great misadventure.
The problem is the govt needs every penny it can get to fund the baby-boomer retirements, so allowing diversion of FICA “contributions” to a 401k is highly unlikely.
I like it.