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Retiree Annuities May Be Promoted by Obama Aides

The government is looking at ways to promote the conversion of 401(k)s and IRAs into steady payment streams after a significant decline in plan balances
Bloomberg News
Original publication date: 
Friday, January 8, 2010 (All day)

The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.

Case Shows How 'Janitors Insurance' Works to Boost Employers' Earnings

The Wall Street Journal
Original publication date: 
Thursday, April 25, 2002 (All day)

How valuable is the business of managing what is known as "janitors insurance"?

One clue comes from a St. Louis court case, in which a financial-consulting firm won a $118 million jury verdict against Hartford Life Insurance Co., arguing that the insurance giant stole its method of administering these kinds of policies to smooth earnings.

How Life Insurance Morphed Into a Corporate Finance Tool

The Wall Street Journal
Original publication date: 
Monday, December 30, 2002 (All day)

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