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Follow-up on "401(k) Savings" Post from Friday
Found out some more about this.  Treasury and Labor have asked for comments on a voluntary (for the moment) requirement that employers allow leaving employees to buy lifetime annunities from the government with their 401(k)s (if I understand what they mean) instead of rolling over the money to a self-directed IRA, etc. A plan for Hit the link for a Fox Business report on the comment request. The request for comments is here (here's a Labor Dept. press release). Deadline for comments is, I believe, May 3 (or thereabouts). Camel's nose, etc. Posted by: Barbara Skolaut 2010-02-21 |
| http://www.rantburg.com/poparticle.php?ID=291079 |