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BlackRock's proposed 401(k) makeover with annuities and private assets
Reuters Breakingviews says shifting risk to insurers could help retirement savings last longer, but warns that more moving parts complicate long-term pension calculations.
TLDR
Reuters Breakingviews commentary says BlackRock wants to remake 401(k) funds, which hold $11 trillion, into something like defined-benefit pensions using annuities and private assets. It argues that shifting risk to insurers could help savings last longer, while the added complexity makes long-term pension calculations harder.
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