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Insurers Test Market as Obama Opens Door for 401(k)s
Bloomberg L.P. via BusinessWeekLink to more items from this source
Feb. 10, 2010
Excerpt: Insurers and mutual-fund companies are starting to sell retirement accounts with built-in annuities in response to concerns Americans will outlive their savings. President Barack Obama on Feb. 1 called for a change in government rules to allow adding annuities to 401(k) retirement plans. While the annuities offer a steady stream of income in exchange for upfront payments, the price for peace of mind may be higher fees and less access to cash.

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