Have you been tracking the buzz that our government is considering the takeover of our retirement funds?
There has been talk since last fall, but, according to Money Morning, this talk is leading to action. In late January, both the U.S. Treasury Department and the Department of Labor announced plans to stage a public-comment period before implementing regulations that would require U.S. savers to invest portions of their 401(k) savings plans and Individual Retirement Accounts (IRAs) into annuities or other “steady” payment streams backed by U.S. government bonds.
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