7/1/2013 – Uncle Sam wants you—to buy annuities (Wall Street Journal)

The Treasury Department got a lot of attention in February 2012 when it announced a proposal that would make it easier for IRAs and 401(k)-type plans to offer so-called longevity annuities. Because they delay income payments until later in life–for example, age 80 or 85—these products can offer retirees a relatively low-cost way to purchase, at age 60 or 65, a guaranteed income stream that provides security in later years.

Read the full article at The Wall Street Journal.

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