JoshRandall: And nearly three years ago, Newt Gingrich and Peter Ferrara wrote on these pages about the Treasury and Labor departments "asking for public comment on 'the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams.'"As a very rich man, Newt is unconcerned about outliving his savings. Unfortunately the same cannot be said for most Americans. In the past Americans overcame the problem of outliving their savings by using private pensions that guaranteed a particular monthly benefit for life. Employers, though, preferred to shift risk to employees and replaced defined benefit pension plans with 401(k) plans, which leave it to the workers to invest that money well and to figure out how to use it to see them through their retirement years. While annuitization of 401(k) balances is not necessarily appropriate for all 401(k) participants, it is an option worth consideration (regardless of the contrary IBD Editorial opinion).It's unlikely it'll ever happen because of people who believe that every outside the box idea floated by the government is a sinister socialist plot designed to separate them from their money. What's especially funny is that through an annuity, many retirees would be less likely to require government assistance, such as food stamps, in their old age. In short, it could drive down the cost of government programs. Since your other two links are clearly from the far reaches of CrazyTown™ and their allegations have been thoroughly debunked (see the link in the OP), I'll simply repeat: conservatives are funny.