Agree with many of the comments that suggest this is another effort to prepare us for the collapse of Social Security.
The Feds already mandate that a minimum withdrawal percentage of an IRA or 401K retirement plan must be taken at age 70.5.
By forcing retirees to take distributions it places them in a higher taxable group, since SS benefits are not taxable. Forcing workers to create IRA plans may be the FEDs solution to ending SS and taxing ‘private’ IRA retirement income in perpetuity.
Mmmmmm SS IS taxable.