Retirement income you can rely on

People work, and plan, and save because they know that life doesn’t stop in retirement. Yet even with the best preparation, many are still at risk of outliving their savings. Longer lives and economic headwinds have made the path to a secure retirement ever more challenging. And people are looking for help answering the question, how do I make my money last?

Introducing LifePath Paycheck™ funds, the next evolution of Target Date solutions. Providing participants with the option to purchase lifetime income from insurance companies selected by BlackRock, complete with an accompanying digital experience.

Like a traditional target date fund, LifePath Paycheck™ becomes more conservative over time, but it doesn’t stop at just stocks and bonds. It starts allocating to a new asset class called “lifetime income” beginning in the year a participant turns age 55 – which, at retirement, can then be used to purchase the annuities from the selected insurers.

That means, in retirement, participants receive a paycheck they can count on every month, every year, for life.

And with the MyLifePath™ digital experience, participants get a clear picture of how today’s contributions can translate to tomorrow’s retirement income, shifting mindsets and encouraging positive savings behaviors to help participants reach their retirement goals.

Managed by BlackRock, LifePath Paycheck™ funds and the MyLifePath™ digital experience.

Driving towards a simpler, more secure path to retirement by providing participants with the option to purchase a lifetime income stream so that you can retire from work, but not a paycheck.

LifePath Paycheck™

People are living longer – and that should be a great thing. But most workers today can’t count on the kind of guaranteed retirement income that previous generations had. We’re changing that with LifePath Paycheck™, a solution designed to give workers access to income streams they can rely on in retirement – for life.

Contact us to learn more Contact us to learn more

The benefits

  • 01

    Choice

    When it comes to retirement income, neither plans nor participants want to be “locked in.” There’s no “have to” with LifePath Paycheck − participants can choose to annuitize beginning at 59 ½.1

  • 02

    Simplicity

    Complexity can often be a barrier to adoption. LifePath Paycheck is an income solution that’s offered through something familiar - the target date strategy.

  • 03

    Cost efficiency

    LifePath Paycheck is designed to be priced in line with institutional-quality target date index solutions and features, all in service of eliminating many of the common fees that accompany traditional insurance solutions in market today.

Simply better prepared. For life.™

Introducing LifePath Paycheck™: the next generation of target date solutions that include an option to purchase a lifetime income stream from insurers selected by BlackRock. In other words, participants can get a paycheck for life.

Here’s how it works:

Early Career

LifePath Paycheck is focused on growth when participants are young and is primarily invested in equity and equity-like assets.

This breaks down as 99% Equity and 1% Fixed Income.

Later Career

Starting at age 55, LifePath Paycheck begins allocating to a new asset class called “lifetime income,” which grows over time.6

This breaks down as 52% Equity, 9% Inflation, 24% Fixed Income and 15% Lifetime Income.6

Retirement

Beginning at age 59 ½, participants can:

Get a paycheck for life by opting to purchase a lifetime income stream for retirement – payable by insurers selected by BlackRock.

The remaining retirement plan savings can either be invested in a target date solution designed to complement the lifetime income stream,7 in another retirement plan investment option, or redeemed for cash.

This breaks down as 37% Equity, 9% Inflation, 24% Fixed Income and 30% Lifetime Income.

Disclaimer

For illustrative purposes only and subject to change.

Life doesn’t retire™

The MyLifePath® platform is a digital experience that is accessible through an eligible retirement plan’s recordkeeper. MyLifePath provides information about LifePath Paycheck and provides a means of facilitating an eligible participant’s annuity purchase option with the selected insurers.
Contact us to learn more Contact us to learn more
mlp tool
OUR PUBLICATIONS

Insights for better outcomes

Latest research
New research: The value of annuities
Annuity owners on the benefits of lifetime income

Our most recent Read on Retirement® survey told us workplace savers  and retirees  see value in lifetime income. We wanted to know more about what, exactly, that value was. So, we reached out to the voice of experience: annuity owners. Five key values emerged.

Read now Read now
When nest eggs need a safety net
Who benefits from guaranteed lifetime income – and how?

22%. That is the average increase in potential retirement spending that individual savers in defined contribution plan can achieve when they embed guaranteed retirement income solutions into a target date fund. For lower-income workers, it’s a 25% increase

Read now Read now
Six reasons to consider retirement income
What the research reveals for workplace retirement savers

People are living longer. But for the most part, we’re not choosing to put off retirement. From financial security to mental fitness, here are 6 ways guaranteed lifetime income can benefit workers as they enter that next chapter.

Read now Read now
Our principles of decumulation
A framework for spending down assets in retirement

Financial advice often focuses on boosting personal savings rates and maximizing return on investment during a worker’s accumulation years. Equally important, however, is the decumulation process, when people spend those savings in the form of income.

Read now Read now
How to optimize retirement income
Joint research with the Bipartisan Policy Center

Leveraging BlackRock’s proprietary lifecycle model, our analysis demonstrates how taking a holistic approach to retirement income benefits savers. In particular, a few steps can potentially generate more retirement income and decrease risk.

Read now Read now

Lights, camera, income…

Check out our latest videos on retirement income – and the impact it can have.

Take one. See right there?

What are you most excited to do in retirement?

Spend time with my family.

Not work.

Being outdoors and skiing.

Are you on track to retire?

Definitely not.

There were some surprises, but we’re doing okay.

I hope so.

What would you do with a paycheck for life?

Buy a vintage MGB.

Stop worrying about money.

Whatever I want.

TITLES: You can have more [adventures/fishing/skiing/nights out/traveling/security] with a paycheck for life.

TITLES: BlackRock

Take one. See right there?

What are you most excited to do in retirement?

Spend time with my family.

Not work.

Being outdoors and skiing.

Are you on track to retire?

Definitely not.

There were some surprises, but we’re doing okay.

I hope so.

What would you do with a paycheck for life?

Buy a vintage MGB.

Stop worrying about money.

Whatever I want.

TITLES: You can have more [adventures/fishing/skiing/nights out/traveling/security] with a paycheck for life.

TITLES: BlackRock

Contact our institutional team to learn more about defined contribution

Please click here to opt-in to receiving insight emails from BlackRock. Any data collected will be processed according to BlackRock's privacy policy. You may unsubscribe at any time.

*Required information | Read our Privacy policy

Thank you for reaching out!

A BlackRock representative will reach out shortly. In the meantime, explore our website to read insights on the markets, portfolio design and more.


Explore our insights hub

LifePath® target date strategies

With over thirty years of choice built on a foundation of research and experience, our target date strategies have the potential to help participants navigate uncertainty and prepare for retirement.

Learn more Learn more
Explore more resources