One more Giant Step Towards the forced Ownership of Treasuries in your Retirement Plan
The Treasury is set to issue its Lifetime Income Guidance and the Department of Labor will follow shortly. It is no secret most investors chose a lump sum option when the separate service or retire from a company taking their retirement plan as an IRA Rollover or as a distribution.
Can you blame them? For the first time they have the ability to get away from a company sponsored plan with exorbitant fees, bad investments and artificial restrictions. They finally get to self-direct their own account and who can blame them.