Key Data Missing from your 401(k) Statement
Now comes the hard part for 401(k) participants: Figuring out how to make their money last through what is looking like a very long retirement. But a key data point is missing from 401(k) statements that would be a huge help in solving this puzzle. What's needed is a simple line-item in every statement that shows what your current lump sum could generate in monthly income in retirement. But will Washington or plan sponsors step up and make sure Americans have this key piece of information?
