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.