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Addressing the Need for Lifetime Income in a Post-Defined Benefit Plan World
Milliman Link to more items from this source
Dec. 5, 2017

"As employers watch a growing number of workers retire with no dependable source of monthly income beyond a meager Social Security benefit, the need grows for a simple, economical conversion of an account balance to a reliable monthly benefit.... This article summarizes some of the approaches commonly used by retirees to convert their lump-sum distribution into a lifetime of retirement income."

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