How to help employees from going broke in retirement
Wade D. Pfau
Despite their popularity, there's a significant problem with most 401(k) and other defined contribution plans: They simply hand employees a check when they retire, then wave good-bye and good luck. Retirees are then on their own when it comes to figuring out how to use that money to generate a retirement income that will last the rest of their lives.
Vernon, Steve, "How to help employees from going broke in retirement" (2012). In the News. 521.