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LifePath Paycheck explained
Saving for retirement is a long journey, and knowing how much you can spend when you get there should be the easy part. But many savers struggle with calculating just how far their savings will go towards replacing their paycheck. LifePath Paycheck® funds by BlackRock are here to help. The funds are a professionally managed all-in-one investment solution designed to help you grow your retirement savings while providing you with the option to use a portion of those savings to purchase a lifetime income stream for retirement – like receiving a paycheck, for life. Similar to a traditional target date fund, LifePath Paycheck invests in stocks and bonds, automatically adjusting the allocations between them throughout your career. Beginning in the year you turn age 55, your investment in LifePath Paycheck will begin allocating to a new asset class called 'lifetime income'. Here’s how it works. The lifetime income asset class performs similar to fixed income, but beginning at age 59 ½ provides you the option to rollover a portion of your savings to purchase a lifetime income stream from insurers selected by BlackRock. The portion of your savings allocated to lifetime income increases overtime, reaching approximately 30 percent at age 65. If you purchase lifetime income, the remaining portion of your savings is rolled over to a fund designed to complement your investment or can be withdrawn at your discretion. The income stream is like a 'paycheck' – you know how much to expect to receive and when, which can make it easier to figure out how much you can spend in retirement. So, if you like the idea of professionals managing your investments, and the option to purchase a lifetime income stream in retirement, LifePath Paycheck is here to help you on your journey. Visit your retirement plan website to learn more today.
Saving for retirement is a long journey, and knowing how much you can spend when you get there should be the easy part. But many savers struggle with calculating just how far their savings will go towards replacing their paycheck. LifePath Paycheck® funds by BlackRock are here to help. The funds are a professionally managed all-in-one investment solution designed to help you grow your retirement savings while providing you with the option to use a portion of those savings to purchase a lifetime income stream for retirement – like receiving a paycheck, for life. Similar to a traditional target date fund, LifePath Paycheck invests in stocks and bonds, automatically adjusting the allocations between them throughout your career. Beginning in the year you turn age 55, your investment in LifePath Paycheck will begin allocating to a new asset class called 'lifetime income'. Here’s how it works. The lifetime income asset class performs similar to fixed income, but beginning at age 59 ½ provides you the option to rollover a portion of your savings to purchase a lifetime income stream from insurers selected by BlackRock. The portion of your savings allocated to lifetime income increases overtime, reaching approximately 30 percent at age 65. If you purchase lifetime income, the remaining portion of your savings is rolled over to a fund designed to complement your investment or can be withdrawn at your discretion. The income stream is like a 'paycheck' – you know how much to expect to receive and when, which can make it easier to figure out how much you can spend in retirement. So, if you like the idea of professionals managing your investments, and the option to purchase a lifetime income stream in retirement, LifePath Paycheck is here to help you on your journey. Visit your retirement plan website to learn more today.
Important information : This video is purely informational, is intended for use by plan sponsors and other responsible fiduciaries of an eligible retirement plan only and is being provided by BlackRock at the request of such plan sponsor or other responsible fiduciary. This video and statements herein should not be considered fiduciary investment advice by anyone nor be construed as a promise regarding your plan’s investment options or plan outcomes. It may not be reproduced for, disclosed to or otherwise provided in any format to any other person or entity (other than your professional advisors bound by obligations of confidentiality) without the prior written consent of BlackRock, Inc. (“BlackRock”).
The LifePath Paycheck® (“LPP”) solution is subject to, among other things, finalization of commercial agreements and plan sponsor adoption and implementation considerations. The LPP solution is currently available to U.S. employer-sponsored defined contribution plans qualified under Section 401(a), 403(b)(9), and governmental plans qualified under Section 457(b) of the Internal Revenue Code of 1986, as amended, that have each entered into an investment management agreement with BlackRock Institutional Trust Company, N.A (“BTC”). Puerto Rico qualified, or U.S. and Puerto Rico dual-qualified defined contribution plans, are not eligible to participate in LPP. A plan sponsor and/or the responsible fiduciary of an eligible plan should expect to allocate time and resources in connection with the onboarding and operational implementation of LPP (as well as the ongoing support of LPP) in the event LPP is adopted as an investment option for its participants. In support of a plan sponsor’s decision to adopt LPP as an investment option for its plan participants, BlackRock can make available to plan sponsors and/or responsible fiduciaries information regarding, among other things: legal documentation, onboarding and operational implementation requirements, participant experience, disclosures, and technology integration.
The annuity purchase option associated with an investment in certain LPP funds and which may be described or referenced in these materials is designed to provide eligible plan participants with a stream of lifetime income payments. The obligation to make the stream of lifetime income payments will be guaranteed under the terms of an individual retirement annuity contract a Selected Insurer issues to an eligible participant. The issuance of individual retirement annuity contracts by the Selected Insurers is subject to, among other things, receipt of an eligible participant’s applications determined by each of the Selected Insurers to be in good order and the participant’s rollover of a lump sum distribution from the plan to individual retirement annuities maintained by each Selected Insurer. The stream of lifetime income payments would be made directly to the participant by each Selected Insurer. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. Each issuing insurance company is solely responsible for its own financial condition and contractual obligations. BlackRock is not an insurance company, does not offer insurance products or provide any financial guarantee with respect thereto. The Selected Insurers are not affiliated with one another or with BlackRock, Inc. and its affiliates, and subsidiaries.
The LPP solution may include collective investment funds maintained by BTC, which are available only to certain qualified employee benefit plans and governmental plans and not offered to the general public. Accordingly, prospectuses are not required and prices are not available in local publications. To obtain pricing information, please contact your local service representative at BlackRock. BTC is a wholly-owned subsidiary of BlackRock, Inc. For ease of reference, “BlackRock” may be used to refer to BlackRock, Inc. and its affiliates, and subsidiaries, including BTC (unless the context otherwise indicates). Any strategy referred to herein does not give rise to a deposit or other obligation of BlackRock, is not guaranteed by BlackRock, is not insured by the United States Federal Deposit Insurance Corporation or any other governmental agency, or by the National Credit Union Share Insurance Fund, and may involve investment risks, including possible loss of principal invested.
The opinions expressed may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable. No representation is made that this information is accurate or complete. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the viewer.
This material does not constitute a recommendation by BlackRock or any selected insurer, or an offer to sell, or a solicitation of any offer to buy or sell any securities, insurance contract(s), product or service. The information is not intended to provide investment advice. BlackRock does not guarantee the suitability or potential value of any particular investment. Investing involves risk, including possible loss of principal. Asset allocation models and diversification do not promise any level of performance or guarantee against loss of principal. Investment in the funds is subject to the risks of the underlying funds. The principal value of the funds is not guaranteed at any time, including at and after the target date.
The LifePath Paycheck® funds and MyLifePath® digital platform use patented technology covered by US Patent No. 11,605,131.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. BlackRock, LifePath, LifePath Paycheck, and MyLifePath are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
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