Interest rates improved the picturefor retirement income for workers in theirmid-50s, but a volatile market hurt 60-year-olds’ spending powerand was flat for 64-year-olds.
That’s according to the BlackRock CoRI Retirement Indexes,designed to provide investors ages 55–74 a daily estimate of thepresent “price” of $1 of annual retirement income starting at age65.
The CoRI indexes are composed largely of U.S. government andinvestment-grade bonds, and incorporate current interest rates,annuity prices, inflation expectations, life expectancy, and otherfactors into their estimates.
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