Schwab Intelligent Income™ is a simple, modern way to pay yourself in retirement by generating a predictable monthly paycheck from your investments. You're eligible to enroll when you open a Schwab Intelligent Portfolios® account. Tell us how much you've saved and how long you need it to last.

Thanks to its Intelligent Income feature, Schwab Intelligent Portfolios can be good for retirees. This tool lets you set up retirement withdrawals from your account and predicts how long the portfolio will last based on your withdrawal rate and investments.

Intelligent Income allows clients to schedule withdrawals not only annually, but also monthly, quarterly or at other frequencies depending on their needs and automatically deposits the money into an account of their choosing.

Charles Schwab is a leading broker in the retirement account space, with traditional and Roth IRAs as well as self-employed retirement accounts. IRAs are retirement savings accounts that offer significant tax savings, such as a tax deduction on contributions or tax-free growth of your investments.

A Retirement Income Fund (RIF) is an investment product available to anyone as a conservative means of saving for retirement. A RIF is generally a mutual fund that is well diversified in large and mid-cap stocks and bonds.

Among the best choices for retirement income are balanced funds that own portfolios of stocks and fixed income, with a strong focus on dividends and interest income. But retirees also opt for fixed income funds that invest exclusively on bonds.

At age 60–69, consider a moderate portfolio (60% stock, 35% bonds, 5% cash/cash investments); 70–79, moderately conservative (40% stock, 50% bonds, 10% cash/cash investments); 80 and above, conservative (20% stock, 50% bonds, 30% cash/cash investments).

The focus of each of these instruments is capital preservation and income more than portfolio growth:

• Bonds.
• Certificates of deposit (CDs).
• Dividend-paying stocks.
• Preferred shares.
• High-yield savings accounts.
• Annuities.

Schwab Intelligent Income uses low-cost ETFs to build a portfolio that is based on your risk profile. Your portfolio is diversified, with up to 20 asset classes across stocks, bonds, commodities, and cash; is rebalanced automatically; and offers tax-loss harvesting for taxable accounts of at least $50,000.

The portfolios include a cash allocation to FDIC‐insured Deposit Accounts at Charles Schwab Bank, SSB ("Schwab Bank"). Schwab Bank earns income on the deposits, and earns more the larger the cash allocation. The lower the interest rate Schwab Bank pays on the cash, the lower the yield.

Benefits of a checking account with Schwab Bank

• No fee checking. No fees, no minimums, and a competitive APY means more money to invest.
• Travel with confidence.
• Convenience and ease.
• Security and peace of mind.
• Robust mobile app.
• Mobile payments are easy.

An annuity plan is an ideal investment option for retirement planning. It will generate a specific amount each month in addition to the interest on the amount invested by you. You can start investing during your employment and receive the returns after you retire. You can also nominate your spouse for the same.