Nationalization of US retirement funds

It is sounding like the US government is on its way to helping usanos better manage their retirements accounts. If you have an IRA or 401k, an article in International Man seems worth a read.

As bad as it is to deceive naïve Americans into trading their hard-earned retirement savings for garbage (i.e., Treasury securities), the myRA program potentially represents something far worse… the first step toward the nationalization of existing private retirement accounts.

I believe myRA is a way to nudge the American people into gradually becoming more accustomed to government involvement in their private retirement savings.