BlackRock Activates Retirement Solution Offering A Paycheck For Life
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Business Wire
Nearly two-thirds of American workers fear outliving their retirement savings1LifePath Paycheck can help alleviate that concern for half a million people with more to followSolution is part of BlackRock’s efforts to help people manage spending throughout increasingly longer retirements NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) announced today that its retirement income solution, LifePath Paycheck™, is now available in defined contribution plans.The LifePath Paycheck solution takes a new approach to retirement income by providing access to guaranteed income through a target date fund, an investment strategy that automatically adjusts to a targeted retirement year. Plan participants will have the option to access the guaranteed income as early as age 59 ½ by purchasing annuity contracts issued by Equitable (NYSE: EQH) and Brighthouse Financial (NASDAQ: BHF).To help educate plan participants, BlackRock developed MyLifePath™, a digital experience that shows how today's contribut
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