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An advisor reviews a household’s details in the Overview panel.
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Use the Profile or Sources tab to view additional details or make adjustments.
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If no adjustments are needed, an advisor clicks the Optimize button to create the plan analysis.
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An advisor views the generated plans in the Plans tab.
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The optimization selects 3 plans:
Current: highest confidence of generating the desired spending using an average retiree’s income strategy
Current Safe: same except at a 90% Probability of Success
Optimal: co-optimizes all levers & returns the max spending or after-tax legacy at a 90% Probability of Success -
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The Optimal plan’s recommendations include Social Security, pension settlement, lifetime income, asset allocation, capital gain management strategies and tax-optimized disbursals. It aims to increase after-tax spending or after-tax legacy per the client’s preference.
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Advisors can access the Flexible Plan Builder to create a custom plan.
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An advisor can optimize on safe income or maximum legacy, or specify a desired income.
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An advisor can lock one or more levers (in this example, locking the pension payout option on monthly lifetime payments), and optimize among the remaining levers. This custom plan generated will display as a 4th plan card for easy side-by-side comparison.
Product Description
About this Product
Income Discovery’s intelligent engine, AIDA, optimizes a retirement income plan:
- Maximize either confidence, safe spending or post-tax legacy
- Includes Social Security, pension, annuity, tax rate targets
- One-click results across thousands of strategies
About Income Discovery
Income Discovery simplifies retirement income distribution to provide clients a personalized tax-optimal paycheck in retirement. Its intelligent engine, AIDA, combs through thousands of options to determine a personalized optimal strategy for each retiree. AIDA discovers the precise plan that aims to increase a retiree’s paycheck by as much as 30% or increase a retiree’s after-tax legacy by 5 times. AIDA systematizes the delivery of tax-optimal paycheck in retirement for scalable delivery to millions of households. It has already delivered a Full & Rich Retirement to more than 148,000 retirees with $150 billion in assets as of 12/31/24.
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Serving RIAs Since
Discount for Schwab Clients?
0719-93C0
API integration is available through Schwab OpenView Gateway®, which is provided by Performance Technologies, Inc. (“PTI”). Single sign-on is provided by PTI. Daily data files and trading integration are available through Charles Schwab & Co., Inc. ("CS&Co"), a registered broker-dealer and member SIPC. Not all third party providers listed on this site have integration agreements with Schwab. Schwab OpenView Gateway® and Schwab OpenView MarketSquare™ are services of PTI.
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