For someone like Mark with retirement right around the corner, our Professional Management program would have begun shifting his investment strategy from a focus on asset accumulation to asset protection.
As he approaches retirement, Financial Engines would make adjustments to the investments in his account and work with his plan provider to handle any necessary transactions. With quarterly Retirement Updates and access to an investment advisor, Professional Management would help Mark stay on top of it all.
Transitioning to retirement
He's 63, married, and has his first grandchild on the way. He's looking forward to an active retirement filled with traveling to see the kids, playing more tennis, and volunteering. But he wants to make sure he has enough money in his account to enjoy his retirement. He's healthy and loves his job, so he's wondering if postponing his retirement by a few years will make a significant difference.
- Age:
- 63
- Occupation:
- Marketing Director
- Investor style:
- Leave it to the professionals
For all investors
We believe everyone deserves expert retirement help.
- Adjust his retirement strategy
- Get a comprehensive retirement check up
- Look at his total retirement picture
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Adjust his retirement strategy
Get a comprehensive retirement check up
With retirement approaching, Mark would receive an annual check-up with an investment advisor. This would help him have a better understanding of how likely he is to reach his goals based upon his current investments and savings rate. An advisor could help him weigh the potential financial impact of extending his retirement age to 67 or of working part time.
Look at his total retirement picture
Throughout his career, Mark has worked for several companies, and his wife has too. So he has multiple investments beyond his retirement account. Financial Engines would help Mark see how all of these investments combined, including Social Security, might impact his retirement income.
For Mark, seeing the big picture helps him plan wisely for the future. And knowing that he has the expert help of Financial Engines throughout the process makes him feel more secure.
For Mark, seeing the big picture helps him plan wisely for the future. And knowing that he has the expert help of Financial Engines throughout the process makes him feel more secure.
The individuals pictured and described are not actual clients of Financial Engines, and they do not represent any actual client’s experience with Financial Engines. These stories are hypothetical and provided to illustrate how Financial Engines can help different types of people.