Wednesday, May 19, 2010


Feds get an earful on 401(k) proposal

Vitriol over plan to let retirees buy annuities with savings

What happens when the government considers tinkering with retirement accounts and asks for citizen input?

It gets plenty.

Government officials began seeking comments in February on a proposal to add an annuity option to retirement plans. Such an option would potentially turn a portion of a retiree's savings over to an insurance company in exchange for a monthly check...

MSNBC: Feds get an earful on 401(k) proposal

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