To take their 401K money and put it in an annuity?
People that have no clue about managing money are blowing their 401K money in just a few short years.
Granted – there are some people that are horrendous with large sums of cash at once.
Some people are responsible, but most arent good with managing cash flows.

The government may step in.
Do you think this is likely to happen in 20 or 40 years?
Since pensions are a thing of the past (for the most part).