Agreed. Any option that forces me to annuitize part or all of my 401k is EVIL, and it is theft against my daughter’s eventual inheritance. (My understanding is that the gov’t will keep whatever’s left when you die.) Remember the old joke about being buried face-down?
Once again, the lib-f#cks want to punish me for being responsible, and give more of my hard-earned savings to scumbags who do nothing for themselves.
This will be the one that causes deaths. Even people who voted for Obama have their life savings in their 401k’s.
You know, I've been hemming and hawing about whether to send this article to my uber lib brother who's been contributing to his 401K for over half his life.
Part of me wants to simply alert him to the danger. The other part of me isn't interested in getting a nasty, expletive-filled email in return for my trouble.