Just like so many have with their 200.5k account.
Lambs to slaughter.
Not saying it is all a bad idea but lets stack the deck for the folks instead of Wall Street this time with some simplified investment guidance instead of the divide and conquer free for all.
The problem with "simplified investment guidance" is that the second we allow the government to provide this guidance it becomes a political nightmare with the party in power guiding investment into areas that benefit them instead of investors.
To see how a SS alternative would work Google "Galveston history of Social Security". You do not want the location of SS offices, you want the history of how 3 counties in Texas opted out of SS when SS was first formed and set up their own "privatized" system.
It has only been more than twice as good as SS, if we define good as benefits paid to participants.