“I’m from the government, and I’m here to help you.” Run.
We know what’s coming. The government will find lots of risks for Americans. Next step: a program to offer government-guaranteed retirement bonds tied to the dollar. They will pay maybe 3% — guaranteed!
Then these bonds will be made compulsory.
Then consumer prices will rise, due to quantitative easing.
Then long-term interest rates will rise.
Then bond prices will fall.
Then the government will change the accounting rules. Government bonds will not be marked to market in retirement accounts.
Step by step, the federal government will find ways to strip working Americans of their wealth. After all, working Americans owe it to federal employees to keep them employed.
To read all about making retirement safe for Americans, click the link.