As a licensed financial advisor, I can say that the idea of a forced IRA/401k annuity by the obama administration is such a terrible idea.
By Daniel at 11 January, 2010, 2:31 pm
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Anyone that is sucked into it will feel the pain of higher interest rates in the future along with depletion of purchasing power of assets due to inflation.
Over the long term (thousands of years), gold has held it’s value. All fiat paper currencies didn’t…why are people so ignorant.
Obama Administration Wants to Annuitize 401k’s and IRA’s - Mandatory “R Bonds”
For some reason the Obama Administration is promoting the idea now that there should be some encouragement for Americans to start converting their 401K’s and IRA’s into annuities, to provide themselves with lifetime income.
- dak
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This is why investors should always have their money in several different buckets (taxable accounts, IRA, life insurance, etc.)- because the government is always changing the rules and you never know what will happen. Investors can find a financial planner at http://www.claroconnect.com to go over their current holdings.