Washington viewing annuities as part of a lifetime income solution
March 11, 2010
President Obama recently called for a change in rules to allow the use of annuities as investment options within 401(k) plans.
Annuities are insurance agreements that provide a guaranteed income stream in retirement.
A fact sheet released by the Administration’s Middle Class Task Force noted that 401(k) regulations need to be updated to improve transparency and reliability. [...]
