Our daily roundup of retirement news your clients may be thinking about.
A 401(k) conundrum: Can you make a cash pile last for life? After building considerable retirement savings through 401(k) plans, retirees need to make crucial decisions that will involve longevity and other factors, according to this article on Businessweek. Among the concerns they need to address is how much money they need to withdraw from their plans without outliving their nest egg, as the government has yet to improve its assistance provided to a generation of workers who rely on defined-contribution plans. Annuities pose a good option for retirees to ensure income stream through their advance years. -- Businessweek
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