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Friday, October 04, 2013|
RIABiz Drills Down on BlackRock's CoRI Index
BlackRock's [profile] CoRI Index, which the asset giant hopes will be a game changer for the 401(k) industry, got a deep dive in RIABiz.
Writer Lisa Shidler gave a drill down of the index, which is designed to provide a daily level investors can use to calculate how much annual retirement income their current savings can provide as early as ten years before they retire. In other how words, the index shows how much money they need to save to generate each dollar of future lifetime income (inflation-adjusted, of course).
MFWire first covered BlackRock's introduction of the concept on August 1st.
The Wall Street Journal took at stab soon after.
MFWire also covered the filing for funds based on the index on July 31st.
Printed from: MFWire.com/story.asp?s=46316
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