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In Plan Annuities

POSTED Mon, 01/25/2010 - 19:08 | POSTED BY Anonymous

Why does the Obama Administration seem to obsessed with offering annuities through employer-sponsored retirement plans?

‹ Annuities through Employers
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tom wrote on Tue, 01/26/2010 - 08:46:

I think they are concerned (rightfully, in my opinion) about people retiring with a pot of money from a 401k plan.

The challenge is that folks need to then become professional asset managers and figure out how to make this pot of dollars last the remainder of what could be a very long lifetime.

I think public policy folks and legislators want to find ways to turn portions of private assets into guaranteed streams of income.

james (not verified) wrote on Tue, 01/26/2010 - 10:05:

I say no thanks.

Give me one example of a government policy decision that has actually enhanced the financial lives of Americans.

Why would things be any different with mandatory annuities in 401k plans?

tom wrote on Wed, 01/27/2010 - 07:54:

Fair enough.

That said, I think the intent of any potential legislation or policy initiatives would be to create incentives for people to consider annuitization rather than mandate it.

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