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I Want My 401(k)!

Your article advocates "retirement insurance" as an alternative to the 401(k) but fails to mention that such an option already exists [Oct. 19]. The variable annuity--guaranteed income throughout your retirement--is an option included in certain 401(k) plans. The government can encourage or mandate the inclusion of an insurance/annuity option in 401(k) plans but should not replace the 401(k) with such an option. The suggestion that the 401(k) should be scrapped because some employees near retirement made poor investment choices is wrong. Leave my 401(k) alone!

Jerry Specht, EVANSTON, ILL.

Your cover story neglected to outline the steps...

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