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Companies Have Done Well Getting Workers Into 401(k)s. Now They’re Trying To Help People Spend Them

TedTed
in The Bullpen
FYI: When Diana Winalski joined International Paper in 2016 as head of 401(k) product management, the plan had all of the pieces in place to help its 49,000 employees save for retirement: auto-enrollment, matching benefits, and a wide range of investment choices and tools, among other bells and whistles.

Still, the plan had few good options for helping participants crack open their nest eggs and turn them into predictable retirement income.
Regards,
Ted
https://www.barrons.com/articles/companies-have-done-well-getting-workers-into-401-k-s-now-theyre-turning-to-the-drawdown-phase-51573837903?mod=djem_b_Weekly Feed for Barrons Magazine
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