ARE DEMOCRATS PLOTTING TO STEAL YOUR 401(k)? Megan McArdle comments on the Department of Labor’s "request for comment" on what it can do to encourage more people to annuitize their 401(k)s, rather than actively managing personal investments.

[T]he government hasn't offered much evidence that a widespread return to defined benefit options [annuities] is a net improvement for society.

I think she’s right. The evidence to date suggests to me that on my worst day I’m better at managing my investments than the government could possibly be on it’s best day.