Plan For Your Retirement Income with CoRI™

CoRI is easy to use and gives you a new way to think about retirement income planning. Check out these four examples of how CoRI can provide useful and actionable insight into an individual’s retirement readiness:

Meet CoRI: Personas
  • Do I really need another number?

    We get it. Investing is full of numbers, but CoRI tells you something different. If you are between the ages of 55 and 64, it can help you estimate how much annual lifetime income your savings may provide once you turn 65, or conversely, how much savings you may need to generate a desired amount of annual lifetime income. CoRI can help you build a path to your retirement income goals. Here are a few of the questions you can explore by using CoRI:

    ●  Will my current savings support me in retirement?

    ●  How much should I save to get the retirement income I want?

    ●  How can I create a plan designed to help me reach my retirement goals?

    ●  Can I plan for retirement income without giving up flexibility?

    The information CoRI offers gives you a new way to think about retirement that puts your future income goals at the center of the conversation.

  • How does CoRI come up with its numbers?

    The income and savings estimates provided by CoRI are based on calculations using the current CoRI Retirement Index levels. Index levels estimate the cost of $1 of annual income beginning at age 65 and lasting through retirement. For example, a CoRI Retirement Index level of $13.54 means that a U.S. dollar of annual lifetime income beginning at age 65 would cost $13.54 today. That level is based on many of the same factors that insurance companies use for pricing annuities, including interest rates, life expectancy and cost of living adjustments.

  • Why use annuity pricing factors?

    The CoRI Retirement Indexes are designed to help you understand not only the estimated income that may be generated by a lump sum, but also a fair price for that income. Annuity providers have been successful at estimating the cost of retirement income for their customers and delivering income to those customers. This makes annuity income a useful real-world proxy against which to measure your future income potential and costs.

  • Why is CoRI limited to people between 55 and 64?

    The information that CoRI offers is based off of data from the CoRI Retirement Indexes. Currently, the CoRI Retirement Indexes are built for 55 to 64 year olds, with a specific index for each year that individuals within this group will turn 65.

    We believe that the factors used to calculate the CoRI Retirement Index levels, particularly interest rates and life expectancy, are less reliable once we get more than ten years out from the assumed retirement age of 65. Therefore, there are no index levels for individuals younger than age 55.

    CoRI assumes a retirement age of 65, at which point the CoRI Retirement Index levels begin to represent something different. Once a CoRI Retirement Index reaches the year referenced in its title, it remains active for ten more years. The daily index level then represents the median price for immediate lifetime income.

  • And how do I use CoRI to help plan for my retirement?

    For starters, the power of CoRI is that it provides useful and actionable insight into your individual retirement readiness. Your CoRI Retirement Index level allows you to measure how well you’re doing relative to achieving your retirement income goal in the ten years before retirement. In those ten years before you turn 65 – pre-retirement – retirement planning becomes critical and CoRI can help put you in a much better position to take corrective action.

    The CoRI tool gives you an idea of one course of corrective action you could take – saving more. CoRI may help you estimate how much money to put aside to help reach your goals. What’s more, the tool can help you understand how sample conservative and moderate portfolios can affect the amount of additional annual savings you would need as well as the range of annual retirement incomes that may result from different investment strategies. Generally speaking, more conservative portfolios require greater savings, but the range of potential retirement incomes is smaller, which can increase the likelihood of achieving desired income goals. More aggressive portfolios may require less savings, but have a wider range of potential retirement incomes.

  • The tool refers to "CoRI exposure". What does that mean?

    CoRI exposure is based on the CoRI Retirement Indexes, which are a suite of fixed income indexes designed to track the estimated cost of future lifetime retirement income. Adding CoRI exposure to your asset allocation may help you track toward your retirement income goal. You can add CoRI exposure to your portfolio by investing in a fund designed to track your applicable CoRI Retirement Index. The BlackRock CoRI Funds are examples of funds designed to do this.

So what should I do next?

You should speak to your financial advisor. We've provided links to essential resources and information you may want to share, including information about the BlackRock CoRI Funds.

E-mail your advisor

IMPORTANT: The projections or other information generated by the CoRI tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

This information should not be relied upon as investment advice, research, or a recommendation by BlackRock regarding (i) the use or suitability of the indexes or (ii) any security in particular. Investors should consult their financial advisor to evaluate their investment needs.

The CoRI Retirement indexes and the CoRI tool do not guarantee future income or protect against loss of principal. There can be no assurance that an investment strategy based on the CoRI Retirement Indexes or the CoRI tool will be successful. Indexes are unmanaged and one cannot invest directly in an index.

The CoRI Retirement Indexes and data are subject to change. Data shown is for informational purposes only and does not represent an actual account. The CoRI tool is based on CoRI Retirement Index levels that are updated daily, so results may vary with each use and over time. The CoRI Retirement Indexes and CoRI tool do not reflect the fees, expenses and cost that may be associated with an annuity or any other retirement income product that an individual may purchase, or any assumption that such a product will be available for purchase at the time of retirement. Actual investment outcomes may vary. Although the CoRI tool provides an estimate of the amount of money you need today for every dollar of annual income you want in retirement, this estimate is not a guarantee. A number of factors may contribute to variations in retirement income.

Investing involves risk, including possible loss of principal.

Prepared by BlackRock Investments, LLC ("BRIL"), member FINRA. BRIL is a subsidiary of BlackRock, Inc.

The CoRI Retirement Indexes are maintained by BlackRock Index Services, LLC (the “Affiliated Index Provider”), a subsidiary of BlackRock, Inc., that designs, sponsors and publishes indices for use in portfolio benchmarking and portfolio management. While the Affiliated Index Provider publishes descriptions of what the CoRI Retirement Indexes are designed to achieve, the Affiliated Index Provider does not provide any warranty or accept any liability in relation to quality, accuracy or completeness of data in respect of the CoRI Retirement Indexes, and does not guarantee that the CoRI Retirement Indexes will not deviate from their stated methodologies. The Affiliated Index Provider does not provide any warranty or guarantee for Affiliated Index Provider errors.

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