No mention of inflation adjustments. The fund allows the owner to annuitize between the ages of 59.5 and 72. If annuitized, 30% is converted and 70% remains invested at the age appropriate equity/bond mix. Fees are 0.1% and increase to 0.16% when annuitized.Thanks for posting this. I expect that this will be the first of many initiatives to fold annuities into a defined contribution plan.BlackRock’s LifePath Paycheck funds
BobK
It sounds like the annuities will be SPIAs, but I’m not sure of that. Blackrock is usually a low cost provider, and I hope that carries through here.
Blackrock is not a life insurance company, and only insurers can issue annuities. So I expect that there are one or more life insurance companies in the mix too.
First of many. I just hope that they’re low cost.
Statistics: Posted by GuyInFL — Fri May 03, 2024 7:10 am — Replies 23 — Views 1361