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you will have several choices of funds to invest in - just like a 401K.

But they'll be government run funds - correct? No Fidelity or Vanguard, for example.

[oceanview]

I can't believe the government is going to run mutual funds. in fact, the amounts of money in these funds would be so large, I imagine it will have to be spread out across alot of different financial management firms.

[HankReardon]

Not government run, government approved.