T. Rowe Price Launches Innovative Income Solver Tool for Financial Advisors
T. Rowe Price Unveils Income Solver for Advisors
T. Rowe Price, a leading global asset management firm that specializes in retirement solutions, has recently introduced its latest innovation—the Income Solver® tool. Launched through its fintech subsidiary, Retiree Inc., this software aims to enhance retirement planning for financial advisors. By employing advanced, multi-dimensional withdrawal strategies, Income Solver provides a customized approach that can potentially extend a client’s retirement income up to an additional seven years or, according to research, an extra $1 million post-tax.
The Significance of Income Solver
With the dynamic nature of retirement planning, it is crucial for financial advisors to shift away from traditional methods. Bill Meyer, Head of Retiree Inc., emphasizes the ineffectiveness of a