I hadn’t even heard the term until you mentioned it. It’s all news to me. I did a google search for “Guaranteed Retirement Account” and found… the same links you can find doing that search. So I have some reading to do.

Predictably, the anti-Obama / anti-Democrat sites that have anything on it are opposed to the plan and full of dire warnings, including words such as “confiscate” and “seize”, as your Q alludes to. But I wouldn’t think that a site called Accounting Today would be so politically charged… and they didn’t seem in any way complimentary. And even ABC News’ website had a headline about “scrapping” 401k plans.

Maybe they’re all right-wingnuts. I don’t know yet, but it’s something else to know ‘about’. Thanks for the Q.