How to Build Your Retirement Paycheck—and Make It Last

When it comes to retirement, many Americans are on their own. New annuity-like products from companies like BlackRock are cropping up in 401(k) plans, aiming to siphon off a portion of savings and put them into income vehicles that will guarantee paychecks for life. Despite their negative connotations, there are good reasons to consider some types of annuities as part of a retirement paycheck that may include other sources like Social Security, portfolio income, and capital gains.