CoRI comes from BlackRock.
And if you are 55 to 64, CoRI’s going to be your guide though your pre-retirement years.
CoRI is a tool powered by a set of BlackRock indexes.
Like all indexes, they track a value over time.
But while the S&P 500 index tracks certain share prices,
These indexes track something very unique:
the estimated price today of a dollar of annual retirement income up to ten years from now.
Which means, CoRI can look to the future.
But don’t bother asking about the outcome of the 2023 World Series.
CoRI is focused on one thing only:
calculating the estimated annual income you can expect in retirement
based on the amount of savings you have today.
CoRI is no battery powered calculator.
It doesn’t use outdated historical data.
Or ask you to make loads of assumptions.
It’s guidance is powered by real, live indexes.
And backed by BlackRock’s analytics.
CoRI gives you a clear picture of where you stand.
Right now. This very second.
So you can better plan where you’ll be when you retire.
3...5...10 years from now.
So, how does it work?
Every day, the indexes that power CoRI are calculated by looking at five types of real-world, real-time market data—
current interest rates, inflation forecasts, risk adjustments, life expectancy tables, and cash flow presumptions.
Once you tell CoRI how old you are, CoRI looks at the index for the year you turn sixty five to find your CoRI Index level.
And that number lets CoRI do some impressive stuff.
Like estimate the annual income your current savings can provide.
Or flip the equation and show the amount you need to save to reach the retirement income you want.
It’s not magic, it’s math.
It’s a way of looking at the years ahead,
that’s years ahead of anything else.
You can call it revolutionary.
Or you can just call it CoRI.