401k Laws Eased to Allow for Fixed-Income Savings | Moneyland | TIME.com

The good news is that policymakers and financial planners are on it. There is wide recognition that secure lifetime income beyond Social Security payments is critical to the retirement health of millions of retirees. Money managers like BlackRock and Prudential have begun marketing lifetime-income options designed for 401(k) plans, and the federal government is easing rules that had made such options difficult to offer.