T. Rowe Price Debuts Withdrawal Strategies Tool

T. Rowe Price announced Wednesday the launch of a software tool, Income Solver, through fintech subsidiary Retiree Inc. According to the announcement, Income Solver helps financial advisers develop “advanced, multi-dimensional withdrawal strategies” to retirement plans and can coordinate clients’ withdrawals from investment assets, Social Security, Medicare premiums and other income sources while seeking to minimize the impact of tax rules.

The announcement stated that Income Solver can test thousands of withdrawal strategies and deliver a curated list to review, and T. Rowe Price’s research found the software could “extend a client’s retirement income up to an additional seven years or $1 million after taxes.”

“A ‘set it and forget it’ approach does not work once someone is in the decumulation phase of life and needs income to live on,” said Bill Meyer, head of Retiree Inc., in a statement. “Income Solver is different from other financial planning software by dynamically analyzing and implementing the withdrawal sequence every year, which has the potential to add significant portfolio longevity.”

T. Rowe Price had $1.78 trillion in client assets as of December 31, 2025, about two-thirds of which are retirement-related.