BlackRock retirement calculator targets 55-to-64 set

08/20/2013 | CBS MoneyWatch

The CoRI Retirement Index, a retirement-income calculator offered by BlackRock, helps people ages 55 to 64 see how much income can be generated by their expected retirement savings. "The index is intended to estimate the retirement income you'd receive if you invested in a conservative bond portfolio from your current age until retirement at age 65, and then bought an inflation-adjusted immediate annuity to generate retirement income," writes consulting actuary Steve Vernon, who tested the tool.

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