Are the Survivors and Disability aspects of SS included?
You talk about enforcing a combined ceiling on stock market percentages (1/3 of market) for combined PRA/TF. How will that work?
You talk about 40% bonds. I assume the market is there for that. And your formula (for SS suplement for first 10 years) seems to put at risk only those who don't buy index funds. Then why would anyone want bonds in their PRA? That 40% seems like it would be awful hard to achieve.
And how would you evaluate somebody who wanted index funds, but whose return is reduced by the 1/3 limit, the 60-40 split or 'excessive market prices' decisions being forced upon their PRA?
What ability would there be to change investments and how would the costs be paid for?
