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"Retiree Annuities May be Promoted By Obama" Bloomberg Business Week Jan 8, 2011
"Annuities: The official retirement vehicle of the Obama administration" NY Times Jan 31, 2011
The Obama administration will promote use of annuities to generate retirement income when it releases proposals for helping stressed middle-income families.
The administration's plans include a proposal to encourage the use of annuities and similar products to transform savings into guaranteed future income, thereby reducing the chance of retirees' outliving their savings or seeing nest eggs worn down by inflation or investment losses.
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