[napscoordinator]

That’s why I think all states need to do what the post office requires. Pay retirement for 75 years the day the employee starts. I don’t think 75 years is necessary but 40 for sure. It is a definite possibility that in 2069, the only people getting a pension will be the post office retirees. The post office was brilliant to do this. People with 401K will maybe be all right but that depends on the whim of the stakeholders.

[SkyPilot]

People with 401K will maybe be all right but that depends on the whim of the stakeholders.

Correct. And, IRAs and 401Ks are tied to the market. Some argue this is not the case, but even the most diversified plans are tied to equities. If things go south in this country quickly, the money in people's retirements is not safe from financial upheaval. Further, if that crisis arises, our money is not safe from the Federal government either. Because what people have in their accounts is reported to the IRS every year, the government knows their value.

There are already numerous plans to seize IRAs and 401Ks if they government "needs that money" in a crisis, and to issue everyone worthless bonds.

Can't happen? Yes, it can.