T. Rowe Price today unveiled “Income Solver,” a software tool for financial advisors that it says can help extend a client’s income in retirement an additional seven years or $1 million after taxes.
Launched through its fintech subsidiary Retiree Inc., Income Solver helps financial advisors develop personalized withdrawal strategies for their clients, which coordinate their clients’ withdrawals from investment assets, Social Security, Medicare premiums, and other income sources while seeking to minimize the impact of complex tax rules.
These outcomes are rooted in a proprietary methodology that T. Rowe Price research indicates can help extend a client’s retirement income.
“A ‘set it and forget it’ approach does not work once someone is in the decumulation phase of life and needs income to live on,” said Bill Meyer, Head of Retiree Inc. “Income Solver is different from other financial planning software by dynamically analyzing and implementing the withdrawal sequence every year, which has the potential to add significant portfolio longevity.”
A press release today announcing the launch says Income Solver enables advisors to:
• Provide clients with the details they need to generate income in retirement
• Save time and reduce manual errors by letting Income Solver test thousands of withdrawal strategies and deliver a curated list to review
• Present advanced planning techniques, such as Roth conversions and household level rebalancing, for greater tax efficiency
• Manage fluctuating retirement cashflows, while navigating complex tax rules affecting required minimum distributions, Social Security, and Medicare premiums
• Optimize Social Security claiming with the embedded SSAnalyzer tool
• Streamline the planning process and spend more time engaging with clients regularly through planning check-ins
T. Rowe Price said the addition of Retiree, Inc.’s Income Solver builds on its suite of retirement income solutions for advisors and is supported by “Solving the Retirement Income Puzzle,” an educational program that provides advisors with content they can use to teach and assist pre-retirees in navigating the complexities of retirement income planning.
“At T. Rowe Price, we are committed to staying at the forefront of retirement innovation and delivering a broad range of solutions to help advisors differentiate their value and grow their client relationships,” said Kevin Collins, Head of U.S. Intermediaries at T. Rowe Price. “Income Solver enables advisors to ask their clients, ‘What would you do with seven more years of money in retirement?’ This is a powerful question to help people imagine the possibilities of their retirement.”
Baltimore-based global asset management firm T. Rowe Price manages $1.78 trillion in client assets as of December 31, 2025—about two-thirds of which are retirement-related.
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