People who are planning for retirement often face difficulties when deciding how much money they will need. With life expectancies increasing there is often a risk of outliving retirement savings. A new retirement planning tool that is offered by Personal Capital, a financial technology company, is making it easier for people to plan ahead. There has been a recent growth in financial technology companies offering people “robo-advisors,” who use algorithms based on the clients data to offer more accurate retirement projections. These new technologies will make it easier for clients to get the information needed to make fast decisions.
See Laura Shin, Test An Endless Number Of Retirement Projections With This New Tool, Forbes, June 22, 2015.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
