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T. ROWE PRICE UNVEILS INNOVATIVE RETIREMENT INCOME TOOL FOR ADVISORS

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"Income Solver" can help extend a client's income in retirement an additional seven years or $1 mill...

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T. Rowe Price launched Income Solver for advanced retirement planning strategies. The software can extend retirement income by up to seven years or $1 million. Income Solver dynamically optimizes withdrawal strategies for clients and reduces errors. Offers innovative features like Social Security optimization and tax efficiency planning. Supports financial advisors in enhancing client relationships and engagement.

Sentiment Rationale

The launch of Income Solver indicates innovation and competitiveness in TROW's financial services. Historical launches of successful tools have positively influenced asset management firms' market perceptions.

Trading Thesis

The ongoing need for retirement planning tools suggests sustained interest and client base growth over time, similar to past product launches in the financial sector.

Market-Moving

  • T. Rowe Price launched Income Solver for advanced retirement planning strategies.
  • The software can extend retirement income by up to seven years or $1 million.
  • Income Solver dynamically optimizes withdrawal strategies for clients and reduces errors.

Key Facts

  • T. Rowe Price launched Income Solver for advanced retirement planning strategies.
  • The software can extend retirement income by up to seven years or $1 million.
  • Income Solver dynamically optimizes withdrawal strategies for clients and reduces errors.
  • Offers innovative features like Social Security optimization and tax efficiency planning.
  • Supports financial advisors in enhancing client relationships and engagement.

Companies Mentioned

  • BLK (BLK)
  • VFIAX (VFIAX)
  • SPY (SPY)

Corporate Developments

The article introduces a new tool that enhances T. Rowe Price's reputation as a leader in retirement solutions, suggesting future growth.

T. Rowe Price Launches Innovative Retirement Income Tool for Financial Advisors

T. Rowe Price (NASDAQ-GS: TROW), a leading global asset management firm, has introduced its latest financial tool, Income Solver®, through its fintech subsidiary Retiree Inc. This innovative software aims to enhance retirement planning for advisors by implementing advanced withdrawal strategies that can help extend a client's retirement income by up to **seven years** or **$1 million after taxes**, according to recent research.

Key Features of Income Solver

The Income Solver tool assists financial advisors in creating individualized withdrawal strategies by coordinating various income sources, including investment assets and Social Security, while also navigating complex tax regulations. This comprehensive approach aims to optimize retirement income outcomes for clients.

Some of the primary features include:

  • Facilitating tailored income strategies for clients’ unique retirement needs.
  • Saving time and minimizing manual errors by testing thousands of potential withdrawal strategies.
  • Incorporating advanced planning techniques, such as Roth conversions and household-level rebalancing, to enhance tax efficiency.
  • Managing fluctuating retirement cash flows while adhering to complex tax rules affecting Social Security and Medicare premiums.
  • Offering the integrated SSAnalyzer® tool for optimized Social Security claiming.
  • Streamlining the planning process, allowing advisors to focus on engaging with clients through regular check-ins.

The Importance of Dynamic Retirement Planning

Bill Meyer, Head of Retiree Inc., emphasized the shift from traditional planning methods by stating, “A 'set it and forget it' approach does not work once someone is in the decumulation phase of life and needs income to live on.” He highlighted that Income Solver differs from other financial planning software by dynamically analyzing withdrawal sequences annually, which can significantly enhance portfolio longevity.

Supporting Advisors in Retirement Income Planning

The introduction of Income Solver complements T. Rowe Price's established suite of retirement income solutions. It is supported by the educational program "Solving the Retirement Income Puzzle," which equips advisors with resources to help pre-retirees navigate retirement income complexities.

Kevin Collins, Head of U.S. Intermediaries at T. Rowe Price, remarked, “At T. Rowe Price, we are committed to staying at the forefront of retirement innovation.” He further noted the tool's potential to transform discussions with clients, asking them, “What would you do with seven more years of money in retirement?” This question aims to inspire clients to envision new possibilities for their financial futures.

About T. Rowe Price

T. Rowe Price (NASDAQ-GS: TROW) is a prominent global asset management firm managing approximately **$1.78 trillion** in client assets as of December 31, 2025, with two-thirds of those assets related to retirement. With over **85 years** of investment excellence and independent proprietary research, T. Rowe Price is dedicated to fostering better investment decisions through a commitment to integrity and client interests. Visit troweprice.com/newsroom for more information and updates.

Retiree Inc. is a wholly owned subsidiary of T. Rowe Price, specializing in retirement income planning and withdrawal strategy software aimed at financial professionals and services.

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