U.S Government to force 401K holdings into treasury bonds.

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U.S Government to force 401K holdings into treasury bonds.

http://market-ticker.denninger.net –

The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.

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Created by NewsJunky 3 years 16 weeks ago – Made popular 3 years 16 weeks ago
Category: Social Security Tags:

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