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IPFS News Link • Obama Administration

Plan on Retiring: Obama has plans for your 401K

Yes, slowly but surely it is happening. In a federal notice filed earlier, the DOL and Treasury are soliciting a response on what has been on many investors' mind, namely the process of converting 401(k)s into annuity-like products.

1 Comments in Response to

Comment by Lola Flores
Entered on:

 401s were a well-crafted scam from day one.  And before we go pointing fingers at Obomber for this novell idea, lest not forget that Georgie Boy almost got away with putting the entire thing in his pocket before he left office