Can I Retire Today? Check Your Smartphone For MassMutual’s Answer
The app is available free for Apple® and Android™ smartphones through the
"We all would like to know when we can retire.
The app is a mobile version of
Both the app and tool generate a personal projection of monthly income in dollars or, if preferred, show the progress towards a stated financial wellness goal in retirement as a percentage of pre-retirement income. In order to generate the most accurate projections possible, savers can include information about other retirement plans they may have, such as IRAs or 401(k)s from previous employers, as part of income or retirement readiness calculations. The projection is made in the form of an easily understood mountain chart.
If their current savings or investment strategy is falling short of their goals, savers can obtain guidance on what steps to take next, including enrolling in a managed account. When offered, account guidance and managed account services are provided by
"Helping participants navigate their savings objectives in an easy-to-use, highly accessible mobile app enables them to keep their goals top of mind as they come closer to retirement, and take appropriate action in a timely manner," said
"There is a growing demand for mobile technology to access and use information about retirement readiness," Wilson said. "
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714-866-9244
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View original content:http://www.prnewswire.com/news-releases/can-i-retire-today-check-your-smartphone-for-massmutuals-answer-300562536.html
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