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Want to Make Your 401(k) More Like a Pension? Buy an Annuity.

Por: MarketWatch Business November 18, 2023

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The bigger challenge is what to do with these assets once they retire. Pensions gave retirees predictability—a guaranteed income stream that made it easy to understand how much they could spend. Social Security benefits provide lifetime income, but they represent just for people 65 and over. With longer life expectancies and unpredictable market returns, a lot of baby boomers are “feeling insecure about retirement,” says Jason Fichtner,... + full article



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