[snowsislander]

Are these truly private accounts, where I can invest the money as I please, or will I be required to invest it in a government run account?

I don't think that there is yet a final form set in stone, but my guess would be that they will be similar to 403b plans (which are fairly similar to 401k plans.) I googled for some web info about 403b plans and these two seemed reasonably informative: 403bwise and a similar page at the Motley Fool.

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Thanks.