SunTrust believes that seeing a projected monthly retirement income figure flash on your computer screen will help inspire increased savings from its plan members.
With the release of its Projected Retirement Income Tool, SunTrust does just that.
Designed for its institutional 401(k) offerings, SunTrust's tool relies on real-time data and provides a quick calculation for potential retirement income. Unlike traditional online models, which require participants to enter data and use a calculator, the Projected Retirement Income Tool provides a clear picture of the investor's assets with minimal input from the user.
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