A New Way to Save for Long-Term Care Costs in Old Age, But How Many Will Buy?
Earlier this month, with absolutely no fanfare, the Treasury Department announced what could be a major change in the way we save for retirement. It will now permit people to shift a portion of their 401(k)s or IRAs into a deferred annuity that provides a guaranteed stream of income once you reach old age. The idea has the potential to [...]