This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SunTrust Introduces Retirement Income Navigator™

ATLANTA, May 17, 2012 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today announced the SunTrust Retirement Income Navigator™, an innovative process that enables SunTrust Investment Services, Inc. advisors to help clients plan for and maximize retirement income while drawing down assets in a tax-smart, optimized way.  Using this process, SunTrust clients may increase retirement income by up to 33 percent versus a tax/investment neutral approach according to a validation study by an independent research group.(1)  This new service reflects SunTrust's ongoing commitment to provide industry leading financial services that address the evolving needs of wealth management clients.

For the 80 million Baby Boomers close to retirement and those already retired, one of the biggest challenges is determining how best to turn assets into income.  Moreover, investors have often purchased different products at different times and investments held have grown in number and complexity.  While most decumulation strategies today rely on products or planning to generate income, the Retirement Income Navigator's three step process – Plan, Invest, Manage – also uses tax-smart technology to provide actionable results rather than general recommendations.  Developed in partnership with LifeYield, LLC, the cutting-edge approach allows advisors to scan comprehensively across all accounts to determine a tax-smart, optimal withdrawal sequence and mix of assets for liquidation. 

"If investors draw down assets in a predictable and methodical way, they can enjoy better after-tax returns, increased retirement income and, possibly a greater bequest to heirs," said Mark Davis, SunTrust Investment Services, Inc. senior vice president. "Retirement Income Navigator provides tremendous value and precision for our financial planning clients in that their assets are being managed in a tax-smart way to provide a steady income stream."

"SunTrust is at the forefront in providing its clients with premium retirement income services," said Mark W. Hoffman, CEO of LifeYield.  "I couldn't be more pleased that such a respected institution chose LifeYield to help them deliver these services to its clients."

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.  As of March 31, 2012, SunTrust had total assets of $178.2 billion and total deposits of $130.0 billion.  The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels.  The Company also serves clients in selected markets nationally.  Its primary businesses include deposit, credit, trust and investment services.  Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is

SunTrust Bank and its affiliates and the directors, officers, employees and agents of SunTrust Bank and its affiliates (collectively, "SunTrust") are not permitted to give legal or tax advice. Clients of SunTrust should consult with their legal and tax advisors prior to entering into any financial transaction.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs