More Options Emerge to Turn Retirement Savings Into Retirement Paychecks

The retirement paycheck, a staple of the old-fashioned pension plan, is staging a comeback. This time, it is inside the 401(k).

Employers are starting to offer annuities inside 401(k) plans to help employees make their money last into retirement. These insurance contracts give retirees the option to convert their workplace savings into a regular monthly income for life.