USERS FIND RISE SCORE ‘SIMPLE’ AND ‘INTUITIVE’

Explaining the RISE Score for financial advisors.

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WILL YOUR CLIENTS HAVE A GAP BETWEEN THEIR RETIREMENT INCOME AND EXPENSES?

Will your clients’ retirement income leave a gap between what they have and what they need? There’s a tool that can help them find out. The Retirement Income Security Evaluation (RISE) Score™ analyzes their income, expenses and the major risks facing their portfolio and generates a score that evaluates how likely they are to outlive their money. It’s like a credit score for retirement.

You can see how the tool works and find more information about the score and what it represents by following the link.

About

Measuring Your RISE Score™

Before you begin, take a moment to collect any information you have on the following:

  • Monthly Income
  • Your Estimated Savings
  • Estimated Pension Amount (If Applicable)
  • Estimated Social Security Amount (to Calculate Your Social Security Income, Click Here)
  • Estimated Amount of Any Other Sources of Retirement Income
  • Estimated Monthly Living Expenses
  • Estimated Medical Expenses

A recent tax return may be handy. If you don't have access to all of this information, we provide average estimates on the subsequent screens.

Profile

Using the RISE Score™

The RISE Score™ is developed using key information about your client's retirement planning strategy. To get started, complete the profile below, then click "Continue."

From 25 - 85 years old
From 50 - 85 years old
Retirement Assets

Enter your client's current portfolio amount, expected annual pre-tax savings contributions, and asset allocation. Please also indicate whether or not these expected savings contributions should be adjusted for inflation and enter them in current (nominal) dollars. Please refer to our assumption documentation for more information about capital market assumptions.

Income and Expenses During Retirement

Please enter your client's expected income and expenses during retirement in this section. Income items should be entered as annual pre-tax amounts. Expense items should be entered as post-tax amounts.

Please also indicate whether or not these amounts should be adjusted for inflation and if they are in current (nominal) dollars or future (real) dollars. If the amounts entered are specified as current (nominal) dollars then we will apply inflation to this cash flow using our inflation scenarios from today.

If the amounts entered are specified as future (real) dollars then we will apply inflation to this cash flow using our inflation scenarios from retirement age. Please refer to our assumption documentation for more information about capital market assumptions.

Strategy

Strategy Builder

The purpose of the RISE Score™ is to help you demonstrate how the inclusion of lifetime income solutions may improve your client's retirement income security. Below, the RISE Score™ includes three lifetime income product types as additional strategies for comparison to your client's current retirement planning strategy. These three strategies are an Income Annuity (similar to a Single Premium Annuity or an Immediate Annuity), a Variable Annuity with a Guaranteed Lifetime Withdrawal Benefit, and a Fixed-Index Annuity with a Guaranteed Lifetime Withdrawal Benefit. Please enter an allocation to each of these product types and select a withdrawal method ("Bonds First" or "Proportional").

Each strategy is independent and only a single allocation to each annuity product type will be applied in the results on the next screen. These are hypothetical allocations to provide indicative examples and are solely for information purposes. They are not a recommendation of these or other annuity products for a particular investor who uses the RISE Score™.

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