BlackRock’s LifePath Paycheck Now Live for DC Plans

BlackRock’s LifePath Paycheck Now Live for DC Plans

BlackRock announced that its guaranteed income solution LifePath Paycheck , which can be used as a qualified default investment alternative in defined contribution plans, is now available.

The product provides access to a guaranteed income stream through a target-date fund, an investment vehicle many are comfortable with, that automatically adjusts to a targeted retirement year that the participant can select. Participants can then annuitize a portion of their assets as early as age 59½ by purchasing annuity contracts issued by providers Equitable and Brighthouse Financial, which are working with BlackRock on LifePath.

Nick Nefouse, global head of LifePath at BlackRock, said […]

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