Retirees struggle with paying themselves from retirement accounts. Vanguard offers a new retirement savings option with an annuity embedded in a target-date fund. The goal is to make generating income in retirement easier. Participants can convert a portion of their savings into a guaranteed paycheck for life. Many Americans are not financially secure in retirement. Vanguard’s new product aims to address the gap in retirement savings and provide income certainty. Experts stress the importance of education and understanding complex financial products like annuities.

Read more at Yahoo Finance: Vanguard has a new solution for retirees worried about outliving their money