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-0.000545256270447002 -0.0016357688113412 -0.0016357688113412 -0.00381679389312979 -0.00327153762268259 -0.0013631406761177 0 0.00245365321701209
Stock impact report

BlackRock wants to make it easier to get paycheck-like income from your retirement savings [CNBC]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: CNBC
Experts say while the new choice could be helpful, its success will be defined by whether consumers actually take advantage of it. The BlackRock product, called LifePath Paycheck , aims to make one choice simpler — how to withdraw from lifetime investments — that workers now face after a broad shift from defined benefit plans like pensions to defined contribution plans like 401(k) plans. “We're talking about a revolution in retirement,” BlackRock CEO Larry Fink wrote of LifePath Paycheck in his recent annual letter to investors. The strategy provides guaranteed income through a target-date fund , which typically provide a mix of stocks, bonds and other investments that become more conservative as an investor nears their anticipated retirement age. More from Personal Finance: Most retirees don't delay Social Security benefits Women reaching ‘peak 65' more likely to struggle in retirement Americans think they need almost $1.5 million to retire Employees who opt in to Li Show less Read more
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