retireguide™ from betterment - investing made better
TRANSCRIPT
Betterment RetireGuidewww.Betterment.com/retirement
Are you invested correctly for a comfortable retirement?
TM
Why I Built RetireGuide
Hi, I’m Alex Benke, Director of Advice Products at Betterment.
I was frustrated with the retirement tools I found online. They were simplistic, inaccurate, and didn’t help me predict my income in retirement.
So I built a better one.
““
RetireGuide gives you personalized retirement planning advice
● Your income in retirement, based on your savings
● When and where you can retire
● How much you should be saving per year
● Where to invest
Try it now. No minimum balance, it’s free. www.betterment.com/retirement
How is RetireGuide better than the rest?
● Estimates your retirement income, based on where you will retire
● Includes Social Security and other retirement income sources
● Recommends amount to save● Recommends where to invest (401(k),
IRA, Taxable)● Takes into account your whole financial
picture, including assets not at Betterment
● Allows you to edit assumptions● Allows you to view tradeoffs (of saving
more, retiring earlier, etc.)● Dynamic. Plan stays with you, and is
always up to date with the market
● Aren’t tailored to you● Don’t update with your changing
situation● Don’t advise on how to invest to ensure
the safety of your family’s future–they just leave you with a myriad of options for investment
● Leave out other sources of income (pension, Social Security), yourspouse’s assets
● Leave income estimation up to you● Have random ROI assumptions● Don’t automate tax assumptions
RetireGuide™ Other Calculators
RetireGuide looks at your whole financial picture
RetireGuide looks at all of your wealth, even accounts not held at Betterment.com.
RetireGuide estimates retirement spending
Unlike other tools, RetireGuide estimates retirement spending for you.
We also show all of our assumptions and rationale.
Of course, you can modify your retirement income or the underlying assumptions.
Projection and Scenario Playing
Our projections show this customer is off track for retirement.
If you don’t like what you see, you can try different scenarios. Edit your:
• Savings per year• Age• Social security assumptions
Try it now. No minimum balance, it’s free.www.betterment.com/retirement
Step-by-step walk-throughRetireGuide from Betterment.com
Step 1
Personal Details
Let us know about your spouse, if you have one. Here, the hypothetical customer, John, is married to Sarah.
Step 2
Annual Income
John inputs his current annual income of $200,000 and his wife’s of $225,000
Step 3
Retirement Age
John and Sarah would both like to retire at age 67.
Step 4
Retirement Savings
RetireGuide looks at all of John’s and Sarah’s wealth, even for accounts not held at Betterment.com.
Step 5
Retirement Spending
Unlike other tools, RetireGuide estimates retirement spending for John and Sarah.
We also show all of our assumptions and rationale.
Of course, John can modify his retirement income or the underlying assumptions.
Projection
With our projection page, you can see if you are on track for retirement.
John and Sarah are off track for retirement.
Projection
If they don’t like what they see, they can try different scenarios by editing their:
• Savings per year• Age• Social Security assumptions
Customized plan that stays with you: Edit assumptions
As their situation changes…
• Sarah gets a raise, or stops working• John sells his business
As their outlook changes….
• More risk averse
They can edit assumptions on their plan
• Life expectancy• Inflation rate• Portfolio allocation• Other income to include
RetireGuide is the plan that stays with you.
How to Save
Get advice on where to invest for retirement.
Actions
What are their next steps? We provide advice on what to do:
• Add a Traditional IRA• Contribute to Sarah’s IRA• Contribute to their employer plan
Accessing RetireGuide for the first time
• Sign up for a Betterment account. It’s free, and there is no minimum balance.
• Start a Retirement goal.• Click “Set up plan” next to your
goal.
Re-accessing RetireGuide
Click on “Edit plan” next to your Retirement goal.
Are you invested correctly for a comfortable retirement?
Try RetireGuide to get our free advice.
Sign up for a Betterment account today.
www.betterment.com/retirement
For more information on our advice and projection methodology: https://www.betterment.com/advice-projection-methodology/
Brokerage services provided to clients of Betterment LLC by Betterment Securities, an SEC registered broker-dealer and member FINRA/SIPC.
Investments: Not FDIC Insured • No Bank Guarantee • May Lose Value.
Before investing, consider your investment objectives and Betterment's charges and expenses. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Not an offer,
solicitation of an offer, or advice to buy or sell securities in jurisdictions where Betterment is not registered. For additional disclosures please see
https://www.betterment.com/legal/