NDA Journal 10 Featured Article collective investment trusts (CITs) in 403(b) plans. Further, the legislation opens up opportunities for exchange-traded funds (ETFs) in variable annuities. 0 (Editor’s Note: This may be political posturing for the mid-terms. For the 92% of retirees totally dependent on Social Security to finance retirement, this bill offers little or no help. For the millions of Americans with retirement savings deficits auto- enrollment (forced participation in plain terms) resulting from findings of behavioral economics that working people (those not employed by the government) won’t save unless coerced, and catch-up provisions allocating non-existent surplus earnings to risk of principal investments won’t be of much help either. With inflation destroying even productive »
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