Reported 2 days ago
BlackRock has launched a new 401(k) investment option called LifePath Paycheck, which combines target-date funds with annuities to provide employees with a steady income stream in retirement. Designed to address the common concern of outliving savings, this innovative strategy allocates a portion of investments to annuities starting at age 55, while still keeping the majority of assets in stocks and bonds. As it gains traction, LifePath Paycheck aims to simplify retirement income planning for U.S. workers.
Source: YAHOO