BlackRock wants to capture more of the nation's retirement savings dollars, and it thinks it has a product that can do just that.
At a press briefing Wednesday in New York City, the investment management firm introduced its new series of retirement income indexes aimed at helping pre-retirees convert savings into an annual income during retirement. The BlackRock CoRI Retirement Index series is specifically targeted for those aged 55 to 64 and is currently comprised of 10 U.S. bond indexes.
BlackRock executives touted its latest offering as unique in the marketplace and one that remedies the leading concern of pre-retirees: How much money can I expect in retirement?
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