Designed for persons ages
55-64, CoRI estimates how much money you need today to generate each dollar of
future, inflation-adjusted annual lifetime income starting at age 65. “The
CoRI Index projects the cost of a dollar of income at some point in the future.
By one dollar of income, we mean one dollar, per year beginning at age 65 for
however long retirement lasts. For example, a CoRI Index level of $13.54 means
that a dollar of life contingent income beginning at age 65 would cost $13.54
today.”
“The power of the CoRI Index is that it is not based
on hypotheticals or opinions; it is based on real world, real time, and
publically available data. The CoRI Index provides useful and actionable
insight into your retirement readiness. It also allows you to measure how well
you’re doing relative to achieving your retirement income goal and puts you in
a much better position to take corrective action.” See: http://www.blackrock.com/cori/what-is-cori
The subject of Financial Advisor has been covered intensively by the world press over the past decade. Many an afternoon has been enjoyed by a family, bonding over the discussion of Financial Advisor. Indispensable to homosapians today, Financial Advisor is featuring more and more in the ideals of the young and upwardly mobile.
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