5/21/2013 – Transforming your 401(k) into steady income (Reuters)

A job and a paycheck – they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream?

A growing number of 401(k) plans are including investment choices that can help savers convert nest eggs into retirement income. Participants can buy insurance annuities or other products designed to spread funds over a lifetime.

Read the full article at Reuters.