Over the past few years, various proposals for annuitization of 401(k) and IRA accounts upon retirement and automatic enrollment in 401(k) programs have been made. On September 14-15, 2010, the Departments of Labor and the Treasury held a joint hearing on Lifetime Income Options for Participants and Beneficiaries in Retirement Plans. The hearings focused specifically on annuitization of retirement funds and the feasibility for introducing these annuities into 401(k) and IRA plans.
The article discusses:
- Switch to Annuities/Lifetime Income
- Making 401(k)s Mandatory
- Why This Is Serious
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Read the full article . . .
Catherine Austin Fitts’ Blog Commentaries
September DOL-Treasury Hearings on Options For Retirement Plans
(16 Sept 10)
