NU Online News Service, March 11, 2004, 5:42 p.m. EST – Nationwide Financial Services Inc., Columbus, Ohio, has developed a Web-based tool that can help consumers plan for retirement income distribution.[@@]
The new preVIEW tool is on the Web at http://www.bestofamerica.com
Advisors can help their clients enter information about current investment amounts, age, planned retirement age, projected rate of return and distribution strategy.
The system then lets the clients see the possible effects of investment choices on annuitization and systematic withdrawal figures. The system also shows when a client who chooses a systematic withdrawal strategy might run out of income, Nationwide says.