Real Answers for Retirement
Retirement arithmetic used to be simple. The basic building block for many investors was the cash flow provided by a monthly check. The check's source was either from their defined benefit plan, Social Security or both. As they neared retirement, it was relatively easy to understand how much they would have available each month.
Today, the retirement equation has changed and investors are challenged to understand what their retirement savings account balance means to their retirement life. The BlackRock CoRI™ Retirement Indexes enable you to work with your clients to calculate either of two critical figures:
- How much estimated annual income your clients' savings will provide throughout retirement
- The level of savings your clients need to generate a desired amount of annual income throughout retirement.
Use our Real Retirement, Real Answers whitepaper to help your clients understand what the changing face of retirement means to them. Unlike traditional retirement planning 'calculators' that rely on user assumptions and hypothetical inputs to generate a result, the CoRI Indexes are based on comprehensive real-time market data and a broad-based portfolio of fixed income securities.
The CoRI Indexes are designed to assist investors age 55 and older in planning for retirement by tracking the estimated cost of $1 of future, annual inflation-adjusted lifetime income beginning at age 65, better equipping them to work with you to make necessary adjustments to their savings or investing strategy during the 'pre-retirement' period when good planning and appropriate course-correction are vital. Meet CoRI and learn more about the tool.
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Related by Topic: Retirement
Weekly Advisor Tip
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Chart of the Week
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