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Gotbaum Says Lump-Sum Cash-Outs Are Like Cigarettes: Legal But Bad for You
Ken Steiner, FSA Retired Link to more items from this source
[Opinion]
Sept. 12, 2013
"[PBGC Director Joshua Gotbaum] concludes that more government regulation is needed to prevent you from making the 'bad' lump sum choice. This thinking appears to be shared by representatives of the [DOL] who continue their push to make it more difficult for people to take 'bad' lump sums from defined contribution plans.... Never mind that recent research ... questions the supposed superiority of the annuity choice."

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