I don't much care for your forcing retirees into annuities. There are those of us who have weathered market storms inside their 401Ks who are on the verge of retirement or just begun. Some of us plan, not only not to go on any spending sprees, but to provide for our children inheriting what's left after we are gone in an IRA that will stretch out over their lifetimes. You can run the numbers but if an individual has a decent sum of money in his/her 401K/IRA and only takes the minimum required withdrawal beginning at age 70 1/2, his/her balance may be rising for several years even with a nominal return in the stock/bond market and taking minimum withdrawals before the balance begins to decline and by that time we will be in our 90's and there will still be plenty left for our children. I, for one, would be writing my congressional representative/senator demanding that they keep their hands off my retirement funds. We have followed all the rules for 40 to 50 years and someone like you comes along and suggests the government take control of our money. No way!!!!!!!!!!!!!