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Bringing Annuities to 401(k)s: Comments by Mark Iwry
Bloomberg Businessweek Link to more items from this source
Apr. 18, 2012
"The federal government is proposing new regulations to make it much easier for annuities and other forms of steady income to be included in 401(k) retirement plans and individual retirement accounts (IRAs).... By pooling those who live shorter and longer than average, everybody can essentially put away what's necessary to reach the average life expectancy, and those who live longer than average will be protected. The longevity risk pooling means that an annuity might provide an annual income of more like 6 percent or 7 percent, rather than 4 percent, depending on interest rates and the terms of the annuity."

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