BlackRock Investor Day Presentation Deck

Innovation & Incubation: Cost of Retirement Income (CORITM) Case Study What was the situation we faced? Longevity is an enduring theme... ~$6.6 trillion Gap in retirement vs. savings BLACKROCK 77% of people would increase savings if they knew how savings translate into income 50% of people don't know their retirement need Individuals struggle with the transition period in retirement 20s Accumulation 30s 40s 50s Typically equate retirement savings with accumulating wealth Pre- retirement Sources: Center for Retirement Research, BlackRock Investor Pulse survey, 2013 BlackRock Retirement survey. 60s ? Early Retirement / Decumulation 70s 80s + Savings viewed in the context of cash flows & longevity 27

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