Bloomberg TV - Administration showing interest in converting 401(k)s to annuitiesSubmitted by cablenewsjunkie on Fri, 01/08/2010 - 11:03
I just heard one of the infobabes on Bloomberg say something about the Administration showing interest in converting 401(k)s to annuities. They'll have more information on it later. So stay tuned.
Of course, we in the r3VOLution have known about this for a while.
Unofficially, this will be how they (the federal gub-mint) gets around falling domestic and international demand for U.S. Treasuries.
Hopefully whatever plan they offer won't be mandatory.