GAO: Workers need greater access to annuities

The Government Accountability Office said in a report that the Labor Department should do more to encourage 401(k) plan sponsors to offer annuities and other lifetime income options. Adding annuity options to 401(k)s by providing clearer criteria for selecting annuity providers would increase their use, GAO said.

LifeHealthPro (9/10),  BenefitsPro.com (9/9),  PlanAdviser.com (9/9)