SumDay
Thinks s/he gets paid by the post
- Joined
- Aug 9, 2012
- Messages
- 1,862
Stern Advice: How much monthly income will that 401(k) get you? | Reuters
I know the topic of SWR has been rehashed a bazillion times on here, but I hadn't heard this part:
And, I'm just now fiddling with the BlackRock calculator referenced in the article.
I know the topic of SWR has been rehashed a bazillion times on here, but I hadn't heard this part:
The Labor Department has been preparing a rule that would require employers to provide 401(k) participants with lifetime income illustrations that translate their account balances into future monthly checks. The concept has broad support from everyone from the Pension Rights Center, a pro-labor group, to the insurance industry.
And, I'm just now fiddling with the BlackRock calculator referenced in the article.
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