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LifePath Spending Tool
BlackRock, Inc., the world’s largest asset manager, revealed a new retirement income planning solution that relies on internal modelling and two participant inputs, age and current savings, to help individuals sustain the consumption pattern once they retire. By using the LifePath Spending Tool’s, savers “can easily see a retirement spending estimate for the current calendar year as well as track estimated retirement spending until age 95 and see the potential impact on savings over time.” To read more about this planning solution tool, click on attached link. Read article here…