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Retiree Annuities May Be Promoted by Obama Aides

The government is looking at ways to promote the conversion of 401(k)s and IRAs into steady payment streams after a significant decline in plan balances
Bloomberg News
Original publication date: 
Friday, January 8, 2010 - 00:00

The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.

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