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Obama plan to encourage annuities hits the spot for IRI

Proposal would give retirees and workers greater retirement options, but financial planner certifying body registers skepticism With the Obama administration promoting annuities and longevity insurance for retirees and workers who contribute to retirement plans, few groups are happier than the Insured Retirement Institute. Weatherford Keller IRI has been working with the Treasury and Labor departments on the proposals for two years, following their request for information on the issue. “We were very supportive of the work of this administration on these issues and we think they hit a home run with this new guidance,” said IRI CEO Cathy Weatherford.… Read More