May 18, 2012
--- SunTrust Banks Inc. launched
SunTrust Retirement Income Navigator, which lets its advisers help clients
maximize retirement income while drawing down assets for tax advantages. ---
Using the tool, SunTrust clients may increase retirement
income by up to 33% versus a tax investment neutral approach, according to a study
by an independent research group.
The Retirement Income Navigator’s three steps—plan, invest,
manage—use tax-sensitive technology to develop a plan of specific actions rather
than general recommendations. The tool was developed with LifeYield LLC.
"If investors draw down assets in a predictable and
methodical way, they can enjoy better after-tax returns, increased retirement
income and, possibly a greater bequest to heirs," said Mark Davis, senior
vice president at SunTrust Investment Services.