For someone like Danny, logging into Financial Engines' Online Advice service would give him the ability to see how the choices he's made might impact his future retirement income.
By getting a realistic forecast of how much his account could be worth when he retires and how that compares to his expected needs, Danny can have a better understanding of how he's doing and what it all means for his financial future.
Just starting out
He's 31, single, and even though retirement is far off in the future, he's actively managing his investments and thinking about how much income he'll need to retire. Danny likes to analyze all of his options before making decisions. Armed with information, he feels confident making investment choices and taking action. But Danny also understands the value of getting expert advice to guide him along the way.
- Age:
- 31
- Occupation:
- Computer programmer
- Investor style:
- Manage it yourself
For all investors
We believe everyone deserves expert retirement help.
- Evaluate his investment choices
- Fine-tune his investment strategy
- Recommend a plan to put into action
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Getting started
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Evaluate his investment choices
Fine-tune his investment strategy
This is where it gets really interesting for Danny. With the advanced simulation tools provided in Online Advice, Danny can run forecasts to his heart's content. He can explore each of his options—from changing his risk level and retirement age to increasing his savings rate—and see in real time the impact of those decisions on his potential retirement income.
Recommend a plan to put into action
Based upon Danny's strategy, Financial Engines would recommend an efficient mix of funds and allocations to help him reach his goals. Danny could also click on a fund name and receive a scorecard providing an objective assessment of each fund. Now Danny has a personalized retirement plan that he can put into action. At any time, he can also get recommendations on other investments he has in his portfolio.
Danny understands the importance of monitoring and fine-tuning his retirement account over time. With Online Advice he can request e-mail alerts that let him know when it's time to log back in to update his strategy, helping him stay on track.
Danny understands the importance of monitoring and fine-tuning his retirement account over time. With Online Advice he can request e-mail alerts that let him know when it's time to log back in to update his strategy, helping him stay on track.
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.