As more Americans report feeling unprepared for retirement, at least one financial powerhouse is offering a new kind of investment to provide a guaranteed income in those golden years.
BlackRock announced last month that it would offer LifePath Paycheck, which will provide payments similar to a pension to retirees. It’s designed to meet a rising demand for secured income as opposed to investment risk.
“We believe LifePath Paycheck will one day be the default retirement investment strategy, providing access to a predictable, paycheck-like income stream that can help improve the quality of life for millions of Americans in retirement,” said […]
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