A simple, modern way to pay yourself from your portfolio.

Introducing Schwab Intelligent Income™. Now you can generate a monthly paycheck from your Schwab Intelligent Portfolios® or Schwab Intelligent Portfolios Premium™ account for retirement or other income needs.

Video: See how it works

See how it works

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A few piano notes play and the Charles Schwab logo appears on screen, then quickly animates off. The music transitions to be more upbeat with piano, drums and guitar.

The screen turns blue as the words “Introducing Schwab Intelligent Income appear on screen”, and a multicolored circle forms around the words. 

Narrator: Introducing Schwab Intelligent Income

The circle stays on screen as the words “Simple” and “Modern” animate in the middle. 

Narrator: A simple, modern way to pay yourself from your portfolio

A tablet device animates on, replacing the circle, and shows a screengrab of the Schwab Intelligent Income interface with a portfolio allocation graphic on it showing a mix of fixed income, cash, commodities, and stocks strategies.

The tablet animates off and two multicolored, horizontal lines stacked on top of each other animate on. 

Narrator: Tell us how much you have and how long you need it to last

The numbers $600,000 and 30 years animate on top of the lines. Then the two lines merge into one and the numbers are replaced with $2,375/month.

Narrator: We’ll estimate how much you could spend

The lines and numbers disappear as four circles with icons in them animate on. The icons show a graduation cap, a plane, a house, and a golf course.

Narrator: Then you can decide how you’ll spend it

The plane icon flies out of its circle. 

Narrator: Or tell us how much income you need 

The circles disappear as another tablet device animates on, this time showing a screengrab of Schwab Intelligent Income again, this time showing the portfolio allocations again, but also some questions that are answered in the enrollment process.

Onscreen Text:
Now let’s see how we can help you achieve your Withdrawal Goal. 
I plan to enroll $600,000 in Schwab Intelligent IncomeTM. 
I would like to begin my withdrawal (two options are shown with radial buttons to select):
•    Now (within one year)
•    Later (more than one year)
I’m 65 years old, and I need my withdrawal to last through age 95. 
How much investment value fluctuation would you be comfortable with 1 year from now? (A slider gives the option to choose between -45% and 60%).
My goal is to withdraw $2,375 (pre-tax) monthly.
The amount displayed is what we’ve projected your monthly goal based on what you’ve told us. You can adjust this amount if needed.

The screen shifts over, revealing a graph with age on the X and Project Balance on the Y axis and multiple lines that show conservative, average, and extreme projections for how long your money could last based on your inputs. 

Onscreen Text: Schwab Intelligent IncomeTM Projection
Your monthly withdrawal goal of $2,375 is on target to last through age 95.

Narrator: and we’ll tell you how long you could make it last

The screen shifts again back to the portfolio allocation graphic on it showing a mix of fixed income, cash, commodities, and stocks strategies. 

Narrator: You’ll get a diversified portfolio of exchange traded funds

The tablet device animates off, and some text appears.

Onscreen Text:
Manage complexity with automated, tax-smart withdrawals

Narrator: Schwab manages the complexity with automated, tax-smart withdrawals 

The text animates away and new text animates, followed by an illustration of a paycheck.

Onscreen Text:  One or multiple accounts

Narrator: in predictable paychecks from one, or multiple, accounts

Four multicolored squares animate on below the text and a white line connects the squares to the paycheck. These graphics animate off, and three circles animate on with icons inside them: a play button, a pause button, and a +/- sign. 

Narrator: That you can start, stop or adjust at any time with no penalties 

The circles animate off and text animates on. 

Onscreen Text: Ultimate Flexibility 

The word flexibility animates up and down. 

Narrator: for the ultimate flexibility 

New text animates on screen replacing the text before. 

Onscreen Text: You can have confidence in retirement. 

Narrator: Helping you feel confident as your goals and life change in retirement 

A tablet device appears again, showing the graph with age on the X and Project Balance on the Y axis and multiple lines that show conservative, average, and extreme projections for how long your money could last based on your inputs. 

Onscreen Text: You’re on target because your money has a 75% likelihood of lasting through age 95. We project you’ll have $563,900 remaining in an average projection. 

Narrator: With projection tools that provide ongoing monitoring so you always know where you stand

A bar graph appears, replacing the device. There are two bars—one short one with the word Fees underneath and one taller one with the words Your $$$ underneath. The Fees bar animates down until it disappears and the Your $$$ bar grows taller. 

Narrator: And since lower fees means more money for you to invest 

Text animates in replacing the graph.

Onscreen Text: $0 Advisory Fee

Narrator: you pay no advisory fee

There’s a pause in the narration, and more text animates on.

Onscreen Text: That’s right $0 Advisory Fee

The screen changes to white, and some text is revealed.

Onscreen Text: 
Schwab Intelligent IncomeTM
Easily Adjustable + No Penalties + No Advisory Fee
Available with Schwab Intelligent Portfolios®

Narrator: Schwab Intelligent Income. Available with Schwab Intelligent Portfolios

The text disappears and is replaced by a square that says Wealth Management in the middle with some text underneath.

Onscreen Text: 
Wealth Management
Planning | Portfolio Management | Income Strategies | Banking

Narrator: Schwab, a modern approach to wealth management

The square turns around, revealing the Charles Schwab logo and Own Your Tomorrow tagline. 

Onscreen Text: 
We encourage you to read the Schwab Intelligent Portfolios SolutionsTM disclosure brochure for important information, pricing, and disclosures. Before you enroll, it’s important you understand any and all costs, including the role of cash and the way Schwab earns income from the cash allocation in your portfolio, which may affect performance, and how Schwab and its affiliates work together. 

We can’t guarantee the amount or duration of your withdrawals or any specific tax results such as meeting Required Minimum Distributions.

Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio — which includes Schwab ETFs™. Investors in Schwab Intelligent Portfolios Solutions pay direct and indirect costs including but not limited to ETF operating expenses, which are the management and other fees the underlying ETFs charge all shareholders. The portfolios include a cash allocation to a deposit account at Schwab Bank, which earns income on the deposits, and earns more the larger the cash allocation is. The lower the interest rate Schwab Bank pays on the cash, the lower the yield. Some cash alternatives outside of Schwab Intelligent Portfolios Solutions pay a higher yield.

You may incur IRS penalties for early withdrawal of funds depending on what type of account you have. 

Schwab Intelligent Income is an optional feature available with Schwab Intelligent Portfolios, which has no advisory fee and doesn’t charge commissions, and Schwab Intelligent Portfolios Premium, which offers financial planning for an initial fee of $300 and a $30 per month advisory fee charged quarterly after that.

Schwab Intelligent Portfolios® and Schwab Intelligent Portfolios PremiumTM are made available through Charles Schwab & Co. Inc. (“Schwab”), a dually registered investment advisor and broker dealer. Portfolio management services are provided by Charles Schwab Investment Advisory, Inc. ("CSIA"). Charles Schwab Investment Management, Inc. (“CSIM”), the investment advisor for Schwab Funds, receives management fees on Schwab ETFs. Schwab, CSIA, and CSIM are subsidiaries of The Charles Schwab Corporation. 

©2019 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. (0120-9UJY) ADS109516-00
 

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  • Paycheck icon

    See how long your savings could last.

    Gain clarity on how much you could withdraw from your portfolio to meet your income needs.

  • Portfolio icon

    Automated investing with tax-smart withdrawals.

    We'll build you a diversified portfolio of exchange-traded funds Tooltip (ETFs) based on your goals and automate predictable withdrawals.

  • Checkmark inside of a box icon

    Flexibility without penalties.

    Get the flexibility to start, stop, or adjust at any time without penalties. Plus, access projection tools and monitoring, so you know where you stand.

Curious about how much you can afford to withdraw?

With just a little information about your goals, we can give you an idea of how much you could withdraw with Schwab Intelligent Income.

Take the next step and let Schwab tailor your portfolio and monthly paycheck.

See the details of how Schwab Intelligent Income works for you.

We start by helping you figure out how long your money could last. 

First, we get to know you. We ask a few simple questions to understand your needs, timeline, and risk tolerance. 

You tell us: How much you have in your portfolio and how long you need it to last. 

We tell you: How much you can withdraw each month. 

With Schwab Intelligent Income, we'll help you gain clarity on how much could be withdrawn from your enrolled accounts and be confident in knowing how long it could last.

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We build a diversified portfolio across your accounts.

Schwab Intelligent Portfolios builds a diversified portfolio of ETFs across all of your enrolled investment accounts. You can expect our intelligent technology to help:

  • Monitor and automatically rebalance your portfolio.
  • Keep you diversified and on track.
  • Possibly offset taxes on your investment gains if you enroll in automatic tax-loss harvesting. Tooltip

We manage the complexity of making tax-smart withdrawals for you.

Schwab Intelligent Income handles the complexity for you by using algorithms to generate a tax-smart withdrawal across all your enrolled accounts. Prioritized account withdrawals will help you:

  • Consider required minimum distributions required minimum distributions Tooltip (RMDs) from enrolled Traditional IRA accounts.
  • Plan for distributions for the long term with proportional withdrawals from taxable brokerage accounts and IRAs.
  • Maintain flexibility by not tapping Roth IRAs until you need them.
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You get the flexibility and visibility to spend with confidence

What if you need money for an unexpected expense and need to change your withdrawal amount? Schwab Intelligent Income gives you flexibility by allowing you to:

  • Start, stop, or adjust your paycheck anytime without penalty.
  • See the potential impact of changes with our dashboard and projection tools.
  • Receive alerts when you get off target and get ideas for how to get back on track. 
  • Access live Schwab professionals 24/7.

What you pay.

Schwab Intelligent Income is a feature you can activate when you open a Schwab Intelligent Portfolios account.

Schwab Intelligent Portfolios

  • Pay no advisory fee and no commissions.
  • You'll be invested in a portfolio of exchange-traded funds (ETFs). Just as if you'd invested on your own, you'll pay the operating expenses on the ETFs in your portfolio, including Schwab ETFs™.
  • We believe cash is a key component of any investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the program pay a higher yield. See more information.

Schwab Intelligent Income

  • You'll pay no additional fee for this feature.
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  • Ready to get started?

    To activate Schwab Intelligent Income, choose "Invest to support current spending" during the account open process.

    If you have any questions, call us at 888-839-8242.

Want to add ongoing guidance from a CERTIFIED FINANCIAL PLANNER™ professional?

For a one-time $300 planning fee and a $30/month advisory fee after that, you can choose to get unlimited access to a CFP® professional plus an interactive online planning tool to create a customized financial plan. This plan can consider other sources of income, including Social Security and pensions. To access this service, select Schwab Intelligent Portfolios Premium during the account open process.

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