Atlanta-based SunTrust Banks Inc. has armed its advisors with a new retirement planning tool to help the nation’s 80 million Baby Boomers maximize their retirement income. The new Retirement Income Navigator is a three-step process designed to help investors withdraw money from retirement accounts in a more tax-efficient way.

The new tool will enable advisors to help clients “draw down assets in a tax-smart, optimized way,” SunTrust said in a statement. It allows advisors to “scan comprehensively across all accounts to determine a tax-smart, optimal withdrawal sequence and mix of assets for liquidation,” it said.

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