Vanguard & TIAA's New Retirement Income Solution

Vanguard and TIAA introduce a new retirement savings option, a Target Retirement Lifetime Income Trust, to simplify income generation from target-date funds in retirement. This product automatically shifts a portion of fixed-income savings into a TIAA secure income account at age fifty-five, providing a guaranteed income stream for life. It aims to ease financial anxiety and reduce the risk of running out of money in retirement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.