Making Your 401(k) Last

Annuities and other vehicles can turn a nest egg into a stream of income payments. But employers and employees aren't rushing into these products.

In the wake of the worst stock-market performance in decades, there's a drive under way to include a new type of product in 401(k) plans—an annuity-style investment that gives retirees guaranteed income for life.

A number of insurers, eager to grab a share of the baby-boomer retirement market, are introducing these new products for retirement plans. Besides the guaranteed income, proponents say these investments offer greater fee transparency and withdrawal options than traditional annuities and can even be folded into target-date mutual funds...

WSJ: Making Your 401(k) Last