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Fidelity Investments has launched a new online retirement tool called the Income Simulator for Fidelity NetBenefits participants.

The tool provides employees with a snapshot of how much estimated monthly income their current savings strategy might generate for their household relative to their retirement goals. It uses a modeling engine to incorporate potential earnings from not only accounts held at Fidelity, such as defined contribution plans, health savings accounts and IRAs, but also other possible retirement income sources, such as Social Security and previous employer pensions.

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