Guaranteed Retirement Income Bill Legislation Likely in 2010


After pushing for health care legislation to cover millions of uninsured Americans last year, expect Congress in 2010 to begin efforts to help millions of American workers who don't have adequate retirement savings. After the recent recession wiped out $1.3 trillion in wealth, legislation offering incentives for workers to invest in financial vehicles that provide guaranteed retirement income has been proposed. The movement is gaining support from the insurance industry and retirement advocates.