USERS FIND RISE SCORE ‘SIMPLE’ AND ‘INTUITIVE’

Explaining the RISE Score for consumers.

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WILL YOU HAVE A GAP BETWEEN YOUR RETIREMENT INCOME AND EXPENSES?

Will your retirement income leave a gap between what you have and what you need? There’s a tool that can help you find out. The Retirement Income Security Evaluation (RISE) Score™ analyzes your income, expenses and the major risks facing your portfolio and generates a score that evaluates how likely you are to outlive your money. It’s like a credit score for retirement. You can see how the tool works and find more information about the score and what it represents by following the link.

Tell Us a Little About Yourself

There are many factors to consider when assessing the quality of your retirement strategy. Seemingly simple life situations can translate to large discrepancies in your savings later on in life, when retirement feels just around the corner. The RISE Score™ will give you an estimated outlook on your retirement security. To get started, choose your status. NOTE: Selecting “joint” indicates you share expenses with another, otherwise select “individual.”

Measuring Your RISE Score™

Before you begin, take a moment to collect any information you have on the following:

  • Monthly Income
  • Your Estimated Savings
  • Estimated Pension Amount (If Applicable)
  • Estimated Social Security Amount (to Calculate Your Social Security Income, Click Here)
  • Estimated Amount of Any Other Sources of Retirement Income
  • Estimated Monthly Living Expenses
  • Estimated Medical Expenses

A recent tax return may be handy. If you don't have access to all of this information, we provide average estimates on the subsequent screens.

Create Your Profile

To get started, complete the profile below.

From 25 - 85 years old
From 50 - 85 years old
Define Your Approach

Choose the profile below that best describes your current self-determined retirement approach. If your ideal profile is not available, please choose the profile that is closest to your current perceived situation. Please refer to our assumption documentation for more information about capital market assumptions.

Estimate Your Savings ($)

Financial stability in retirement often has a lot to do with your savings accumulated over time and the amount you have to utilize for all the expenses you’ll encounter along the way. Using the slider tool below, adjust it to best reflect your current amount of retirement savings — such as 401(k), 403(b), Traditional IRA or Roth IRA, etc. Do not include a pension, social security, or any annuity payments or guaranteed withdrawals as this will be captured in a subsequent screen.

Are You Expecting to Receive a Pension?

A pension plan is paid into by your employer while you are actively working. If your retirement portfolio contains a pension plan benefit, we will factor pension income into your RISE Score™ equation.

Yes
No
Estimated Pension Amount ($)

Using the slider tool below, adjust it to best reflect your estimated amount of monthly income you expect from your pension. We understand estimating your future monthly pension income may be difficult. So we’ve provided an average U.S. monthly pension received for a baseline.

We assume that pension income does not grow with inflation, since most pension benefits do not include a cost of living adjustment. We assume that a pension benefit is stated at retirement age, and assume you will receive benefits beginning at the retirement age you have entered. If you have a pension adjusted with inflation, such as through a cost of living adjustment, please leave this blank and include it with ‘Other Income’ a couple screens ahead. However, for any other income that is not inflation sensitive, please include it here.

Any Other Sources of Retirement Income?

There are countless viable income options that future retirees utilize while preparing for sustained retirement income. Other income you expect to receive annually might include an annuity payment or guaranteed withdrawal, rental property income, income from a part-time job, or any other income or financial assistance.

Yes
No
Estimated Other Retirement Income Amount ($)

Using the slider tool below, adjust it to best reflect the estimated amount of monthly income you expect to receive in retirement. (Do not include possible pension income and/or Social Security income you may have entered in previous screens). We assume this amount will be received for your lifetime, so please do not enter short-term or one-time income items.

We assume you may have other sources of income that are inflation sensitive. Please indicate whether this income is in current (nominal) dollars or future (real) dollars. If the amount entered is specified as current (nominal) dollars then we will apply inflation to this cash flow using our inflation scenarios from today. If the amount entered is specified as future (real) dollars then we will apply inflation to this cash flow using our inflation scenarios from retirement age.

Estimated Monthly Living Expenses ($)

When creating a good retirement strategy, it's beneficial to have a thorough understanding of the ration of monthly income received versus monthly income expenditures. The average American household spends $3,813 monthly on living expenses: rent, food, utilities, etc. In order to maintain your standard of living it’s important to plan ahead.

Please also indicate whether or not these amounts should be adjusted for inflation and if they are in current (nominal) dollars or future (real) dollars. If the amounts entered are specified as current (nominal) dollars then we will apply inflation to this cash flow using our inflation scenarios from today. If the amounts entered are specified as future (real) dollars then we will apply inflation to this cash flow using our inflation scenarios from retirement age.

Estimated Medical Expenses ($)

Everyone is eligible for Medicare at age 65, and we understand the future is difficult to estimate. Still, to the best of your ability, use the slider tool below and set it to reflect the estimated monthly cost of your future medical expenses in retirement (i.e., monthly health insurance premium payments). Please consider only those expenses exceeding monthly Medicare and other insurance coverage. Lastly, it's important to understand there may be changes that occur as your retirement progresses. Your future expenses may change due to eligibility, overall changes in health, or possibly regarding supplemental health plan coverage.

Please also indicate whether or not these amounts should be adjusted for inflation and if they are in current (nominal) dollars or future (real) dollars. If the amounts entered are specified as current (nominal) dollars then we will apply inflation to this cash flow using our inflation scenarios from today. If the amounts entered are specified as future (real) dollars then we will apply inflation to this cash flow using our inflation scenarios from retirement age.

How Much of Your Portfolio Would You Be Interested in Allocating to an Annuity?

Annuities can be an important part of a diversified retirement portfolio because they can ensure that your retirement income is protected even when there are downturns in the market. So no matter how your other retirement investments perform, annuities can provide you with a source of protected lifetime income that few financial products can offer.

There are annuities to fit a variety of individual investor needs with different options and benefits. This allows you to tailor them to your specific needs — such as protecting your income from market downturns, providing lifetime income payments or leaving money to your family.

Use the slider below to see how adding an annuity to your portfolio can impact your RISE Score™.

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