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Obama Administration Will Promote Use of Annuities to Generate Retirement Income
The National Underwriter Company; free registration or paid subscription required Link to more items from this source
Jan. 26, 2010
Excerpt: The administration's plans include a proposal to encourage the use of annuities and similar products to transform savings into guaranteed future income, thereby reducing the chance of retirees' outliving their savings or seeing nest eggs worn down by inflation or investment losses. The proposals were outlined in a fact sheet released by the White House in advance of President Obama's State of the Union address. Obama is set to give the address Wednesday.

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