How reinvented annuities can help build security in retirement

October 16, 2024 by Sara Belcher

Annuities historically have not had a good reputation for helping Americans save for retirement, mostly due to their costs.

However, recent changes in how annuities can be included in certain types of investment funds, such as 401(k) plans, are making them a popular option for retirement savers again.

“When you want to retire, … you have the option to take a portion of your assets and get guaranteed income — get a paycheck for life,” Anne Ackerley, head of BlackRock’s Retirement Group, told Bob Powell in the latest episode of Decoding Retirement (see video above; listen below). “We think that has brought some benefits of the traditional pension to the 401(k) space.”

Click HERE to read the full story via Yahoo!Finance

Originally Posted at YAHOO! Finance on October 8, 2024 by Sara Belcher.