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Mary Ellen (M.E.) Cagnassola is a Money reporter covering all things Social Security and retirement. She strives to translate stodgy policy news and research into engaging, informative stories that help readers navigate their retirement.
Brad Tuttle is a senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.
Blending doesn’t just make for a tasty smoothie — it can also lead to a better lifestyle in retirement, according to a new study.
In retirement, some people choose to have blended income, or a combination of investments like 401(K)s and fixed annuities, which provide a guaranteed income stream in retirement. Investment bank Goldman Sachs’ annual retirement report found that retirees who adopted a blended income strategy tended to be more satisfied with their income.
Retirees with this kind of blended income also showed higher levels of confidence making the transition into retirement compared to those with only an investment or an annuity alone.
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