The U.S. government has no business in financials, none, SS is 1% and realistically that is inflated, there is no actual money left in the trust, it's been gutted so the return is pretty much created off worker contributions. Sad thing is it operates just like a Ponzi scheme but has less than a fraction of the returns. That 3% is pathetic, again, you can get 4% in most stuff out there now, though some have dropped to 1.5 and 2.So, in the end, what if the USG got out of everything else (other than SS, a separate topic) and what we call a 401K is post-tax invested as you see fit?
Just puzzling this out....I get SS but everything else I have is just savings and I get less than 1% on those. 3% sounds delicious anymore (sad, huh?).
Think about this though, is that 3% really that great a deal if you cannot control your money, if you are in treasury bills with the debt we hold now versus the value of the dollar? Is that long term, where you couldn't move money into a high risk fund for a while in a good market worth it? Do you really want Washington incompetents messing with your future?