Thanks.

Remember Bush II' s "Own your own retirement"? It sounds similar.

I didn't quite "get it" in the first 3 minutes but around 3:20 it gets into it. Disclaimer: I stopped listening at 4:50, with another 7 1/2 minutes left in the video.

I didn't get the Trump connection exactly, maybe i should listen to what I've listened to again, or, of course, listen to the part i haven't listened to, but anyhow that's where I'm at right now. But presumably he and the kind of appointees he's appointed are in favor of that kind of thing.

ETA - Important disclaimer - I've only watched 4:50 of the video. The video might go into more about what I'm talking about in the above, or it might not. I plan to watch the rest of it (remaining 7 1/2 minutes of it).

so people can see what's stolen in real time.

Of the people. "I'll eliminate the SS and Medicare tax" and the people will cheer until they get old.

Let's say you have a 401(k) Plan. Trump gets his bill passed. The funds of your retirement fund are speculated and either lessened or lost.

Can you sue the company managing your 401(k) plan -- or would that be worthless as everyone will be suing?

at least that's how it was in my day, and that CHOICE of funds include fixed income types of funds like bond funds and money market funds. As well as regular equity funds (funds like Vanguard's and Fidelity's that in turn invest in publicly held stocks sold on regular stock exchanges like the NYSE and Nasdaq).

As I understand it, what is being proposed is that CHOICE be expanded to include private equity kinds of things (like mentioned in the video from 3:20 to about 4:50).

I think, like the video guy, that that would be a bad thing. My impression from what little I've read about these private equity things is that they are far more risky than regular stocks.

Many companies auto-enroll employees into 401k's with a default set of investments that might include regular equity funds like target date funds (which contain a mixture of fixed income stuff and regular equities). At least I've read that target date funds are very popular choices in 401k plans.

That's my default understanding anyway ... I would hope that any such default set of investments in 401ks in the future, if the desired legislation is passed, don't include private equity crap, but, well, that's my hope.