Reply #73: By forcing money into government Treasuries...

[DemReadingDU]

Isn't the main purpose of converting our tax-deferred plans to annuities with Treasuries so that the government can do whatever it wants with that money? But the perception is that it would be good for us in retirement to have steady income from the annuity.

I think as long as the market rallies, people are not inclined to convert. However, when the markets decline again, people will lose money in their accounts and be devastated by the losses. When that happens, the people would be receptive to the government converting the tax-deferred plans to annuities so that they would be 'guaranteed' a certain amount of money in the future without worrying about any market losses. Just that by the time people retire, there won't be any money cause the government used it all.