See how it works
Transcript of the video:
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 $2,330/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.
Now let's see how we can help you achieve your Withdrawal Goal.
I plan to enroll $600,000 in Schwab Intelligent Income™.
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 $2,330 (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 Income™ Projection
Your monthly withdrawal goal of $2,330 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.
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 80% likelihood of lasting through age 95. We project you'll have $582,300 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.
Schwab Intelligent Income™
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.
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.
We encourage you to read the Schwab Intelligent Portfolios Solutions™ 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 Premium™ 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.
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