Patent Pending, Tax-Smart Retirement Income Solution Available Through SunTrust Advisors
BOSTON, MA, October 20, 2009 – LifeYield, LLC announced today that SunTrust is first to market with its
LifeYield ROI is designed to help SunTrust financial advisors organize client assets into household portfolios – known as a unified managed household (UMH) – and suggest the optimal withdrawal sequence each time a client needs cash for income or other reasons. Ernst & Young’s recent validation study found the LifeYield ROI produces up to 20% more
“We put LifeYield ROI through an exhaustive testing process,” said Ken Yarbrough, Senior Vice President, Director of Retirement Strategies at SunTrust, “and are excited as we begin to introduce it to our advisors in SunTrust’s continued efforts to deliver the best retirement income services in the industry.”
“SunTrust’s rigorous testing and constant feedback
LifeYield’s Unified Managed Household (UMH) technology automates the process of selecting which of a client’s assets to sell to provide an income stream by reviewing the multiple taxable and tax-advantaged accounts held by family members and selecting the most appropriate assets to liquidate to produce an optimal income.