Grandmother and her grand-daughter morning exercise

Generating retirement income. For life.

People want help with retirement income, yet many have deeply ingrained biases against income products. Successful retirement income solutions will use behavioral finance, technology, and plan design to create a new culture in retirement plans focused on spending.

Title: From saving to spending: navigating a top retirement concern

We know the top financial fear around retirement is outliving savings. Yet most retirees still have 80% of their pre-retirement savings two decades into retirement.* It’s a paradox that reveals the major challenge of spending down your nest egg. To solve it, we need to explore new solutions.

Graphic: - Source: BlackRock/Employee Benefit Research Institute (EBRI), December 2020.

BlackRock Bottom Line open

When most people think about “planning for retirement,” it’s usually “savings” that first comes to mind.

And that makes sense because, from the time we start working, it’s a mindset that’s reinforced for decades until, one day, we retire. And then it’s time to spend. But, it turns out, that’s easier said than done.

59% of investors say it’s difficult to know how their retirement savings will translate into monthly retirement income.

[Graphic: 59% of investors say it’s difficult to know how their retirement savings will translate into monthly retirement income, BlackRock 2021 DC Pulse]

There are lots of reasons for this, but here are the big ones:

People don’t know how long they are going to live, they don’t know what their expenses are going to be and they don’t know what the market will do.

Yet the burden of figuring this out has increasingly fallen on the individual. Consider the shift from defined benefit plans to defined contribution plans like 401(k)s. 

Today, the vast majority of Americans cannot fall back on a pension from their employer. And, while there is Social Security, that wasn’t meant to be the primary source of retirement income.

This is a really hard math problem to solve.

But there is good news. The industry is coming together to address these needs and innovate new solutions to provide retirees with secure income options and greater certainty around their future.

Forward-thinking employers who are moving in this direction can benefit from a more financially secure workforce.

The bottom line is, secure retirement income solutions can help create better retirements. With them, more and more people can feel confident and experience greater well-being across their entire journey.

From saving to spending: navigating a top retirement concern

The bottom line is, secure retirement income solutions can help create better retirements. With them, more and more people can feel confident and experience greater well-being across their entire journey.

—Anne Ackerley

Why BlackRock for retirement income solutions

BlackRock offers a range of solutions designed to provide simplified access to retirement income. Our strategies seek to provide access to a stable source of income along with education on how to spend from portfolios to help meet participants' retirement spending needs. BlackRock's retirement income solutions are informed by three key pillars.
Choice Arrow Icon
Investment capabilities
Our solutions seek to provide participants with access to a consistent source of income for life.
Maintenance Tools Icon
Tools & resources
Our innovative decumulation tools and resources can help deliver outcome-oriented insights.
Education Cap Icon
Industry-leading insights
Our team researches investments, behavioral finance, technology and plan design to drive future innovation.

Investment solutions

BlackRock is building a solution for plan sponsors designed to provide participants with a secure source of income in retirement.

LifePath Paycheck™ Strategy
BlackRock's innovative new target date strategy seeks to provide participants the option to purchase a lifetime income stream at retirement.
Man with dog

Latest insights on retirement income

About BlackRock retirement
BlackRock’s purpose is to help more and more people experience financial well-being. This starts with helping individuals build savings that serve them throughout their lives.
Granddaughter with mother and grandmother

Contact us to learn more about retirement income

Please try again
First Name *
Please enter a valid first name
Last Name *
Please enter a valid last name
Email address *
Please enter a valid email
Company *
This field is mandatory
 Thank you
Thank you!
Your information has been submitted successfully.