Obama Administration Wants to Annuitize 401k’s and IRA’s - Mandatory “R Bonds” at The Catherine Austin Fitts Blog

Obama Administration Wants to Annuitize 401k’s and IRA’s - Mandatory “R Bonds” at The Catherine Austin Fitts Blog: "As a rule of thumb, the worst possible time to convert lump sum savings into a fixed income annuity would be when interest rates are historically low.

Although products may vary, this is roughly equivalent to buying long term bonds at a time when interest rates are likely to increase, substantially reducing your principal in real terms, and eroding your fixed returns through inflation.

For some reason the Obama Administration is promoting the idea now that there should be some encouragement for Americans to start converting their 401K’s and IRA’s into annuities, to provide themselves with lifetime income."