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Top related persons:
Larry Fink - 1 Anne Ackerley - 1
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BlackRock New York
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BlackRock - 1 Finance - 1 Security - 1 Transamerica Center - 1 Retirement - 1

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2 mentions found


☆ BlackRock wants to make it easier to get paycheck-like income from your retirement savings
  + stars: | 2024-04-25 | by ( Lorie Konish | ) www.cnbc.com   time to read: +2 min
BlackRock , the largest asset manager, has launched a new product to help workers their retirement savings into a regular income stream that mimics the paycheck they receive during their working years. "We're talking about a revolution in retirement," BlackRock CEO Larry Fink wrote of LifePath Paycheck in his recent annual letter to investors. While they receive that income, the rest of their retirement savings may continue to grow. A recent BlackRock survey found 60% of employees worry they may outlive their retirement savings. For now, the LifePath product is limited to plans offered through employers.
Persons: Larry Fink, Anne Ackerley Organizations: BlackRock, Finance, Security, Transamerica Center, Retirement Locations: BlackRock, New York
☆ Gen Zers are socking away 14% of their income for retirement, a higher share than older adults
  + stars: | 2022-10-21 | by ( Sarah O'Brien | ) www.cnbc.com   time to read: +1 min
The nation's youngest workers appear to be taking the save-for-retirement message to heart, research suggests. Defined as workers ages 18 to 25, Generation Z is saving an average of 14% of their income for their golden years, according to new study from BlackRock. Among millennials (ages 26-42), Gen Xers (ages 43-55) and baby boomers (ages 56-75), the average is 12%. However, the overall share of workers across all ages who think they're on track with their retirement savings has fallen to 63% from 68% in 2021, the research shows. Retirement plan sponsors' confidence also is down: 58% say their employees are on the right path, compared with 63% last year.
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