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Federal Agencies Gather Comments on Including Annuities in Retirement Plan Options

The Treasury Department and the Department of Labor recently asked for ideas about how annuities and other investment products that offer income guarantees could be used to improve retirement security.

In response, insurance companies and trade groups have told the federal regulators that annuities and similar lifetime income products could play a major role in improving U.S. workers' retirement income security, National Underwriter reported.

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Mary Swanton

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