Have you heard about the latest government scam?

(Photo by Chung Sung-Jun/Getty Images)
(Photo by Chung Sung-Jun/Getty Images)
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Assembly Speaker Vincent Prieto is promoting a bill that would give New Jersey residents the option to have their company deduct a small percentage of their salary and put it into a state-run retirement account for "safe" keeping.

Hmm.... where have we heard language like this before? The state pension system, Social Security, and the Transportation Trust Fund should all remind us how poorly the government manages money.

Still, Prieto and other lawmakers are framing the legislation as a helpful tool that will allow people to save money and take it with them should they move to a new job.

Would you trust the government with your retirement, or do you think it's safer to use another method like a 401k or Roth IRA? Let us know where you stand in the poll and comments section below!

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