Pension cash-outs are coming
Source
http://www.fa-mag.com/component/content/article/8027.html?issue=174&magazineID=1&Itemid=73
Date
Media Outlet
Financial Advisor Magazine
The Academy life and pension practice councils' May 2010 response to a request for information from the departments of Labor and Treasury regarding lifetime income options for retirement plans was cited and linked. The Academy wrote that to achieve a specified level of retirement security, an individual would need to set aside 50 to 75 percent more money than if the individual participated in a risk-pooling arrangement such as annuity.
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