Ibbotson Associates, a Chicago provider of investment tools and information, said Thursday that it has created a paper-based tool to produce model portfolios for clients in or near retirement.
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The model includes allocations to equities, fixed-income securities, and payout annuities. It also estimates the probabilities of these portfolios' providing income for 25 years at different withdrawal rates.
From 27 model portfolios designed by Ibbotson's investment management services group, advisers can narrow the choices to suit a client's age and risk tolerance.
