BlackRock unveils its answer to the looming retirement crisis

BlackRock unveils its answer to the looming retirement crisis

- in Annuities, Contributors, Featured, Income, Insurance, Retirement
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The asset management giant announced Wednesday that it has launched a new retirement income solution, LifePath Paycheck, now accessible within defined contribution plans.

This innovative approach, which combines a target date fund strategy with the option of guaranteed income, is available to plan participants beginning at age 59 and a half. The guaranteed income is facilitated through annuity contracts issued by Equitable and Brighthouse Financial.

The asset management giant said its LifePath Paycheck aims to offer a reliable, paycheck-like income in retirement, addressing common concerns among American workers about financial security in their later years. To complement this offering, BlackRock has developed MyLifePath, a digital tool designed to illustrate the potential future income based on current savings.

Read more at InvestmentNews

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