BlackRock wants to make it easier to get paycheck-like income from your retirement savings
Publishing timestamp: 2024-04-25 09:48:27
Summary
BlackRock has launched a new product called LifePath Paycheck to help workers turn their retirement savings into a regular income stream that mimics their paycheck during their working years. The success of this strategy will depend on whether employees opt in, but experts believe that annuity options in retirement plans will become more widely embraced in the future.
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Keywords: retiree finances, annuities, aging and disability services, employee pension benefits, aging, business news, retirees, personal spending, government pensions and social security, personal saving, retirement planning, personal finance, population aging, blackrock inc, inflation, 401(k) plans,