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March 3, 2010, Featured Articles, 401(k)/IRA

America Speaks Out—and Against—401(k) Annuities

By Kerry Pechter   Wed, Mar 03, 2010

As of March 2, the responses to the Obama administration's request for input on lifetime options in 401(k) plans tended to be angry but well-reasoned.

“Keep your hands off our 401(k)s!”

That's how Americans are responding so far to the RIF (request for information) about lifetime income options for 401(k) plans that the Departments of Treasury and Labor published in the Federal Register at the beginning of February.


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