New York, NY (PRWEB) August 13, 2014
Wealth Management Systems Inc. (WMSI) announced today that it has successfully launched four new retirement planning tools to help users make better decisions today that can have a big impact on their future retirement readiness. This suite of tools includes: the Retirement Planner Tool, the Retirement Plan Contribution Tool, the Social Security Illustrator Tool and the Distribution Planner Tool. The suite takes a holistic approach to retirement planning allowing users to build a plan to achieve their personal retirement income goals. It is estimated that 54% of the people saving for retirement today don’t know how much savings they will need to support their desired retirement lifestyle. These tools are designed to address this gap and empower users to define their own retirement income needs interactively.
All tools are highly visual and incorporate modeling features so users can change their inputs and immediately see the impact on their longer-term retirement income projections. These features are a highly effective way to educate and translate key retirement saving and investing concepts into reality for users who learn better by doing.
“The ability to change assumptions on the fly and immediately see their impact graphically has been received very favorably – especially by advisors,” commented John Geli, CEO of Wealth Management Systems Inc. “A client told us that one of their retirement consultants had used the Retirement Planner Tool to get a participant enrolled at a 6% contribution rate to fully maximize the company match. But when the participant saw the visual impact a 10% contribution rate had on her future retirement savings balance she was convinced to go to 10% - no further discussion was required.”
Designed to work in unison, these tools help users zero in on different facets of their retirement savings strategy:
Each tool also has a save and retrieve feature that makes it easy to quickly and easily generate customized output reports using personalized data to share with spouses and family members, and to support advisors in preparing for client meetings.
About Wealth Management Systems Inc. (WMSI)
Wealth Management Systems Inc. is the leading provider of technology based rollover services within the financial services industry and provides comprehensive, web-based college and retirement planning tools, advisor solutions and financial communications and education for financial services firms. WMSI is dedicated to helping service providers, plan sponsors, and advisors support employees in maximizing their workplace benefits to achieve financial well being and retirement readiness. For more information, please visit http://www.wealthmsi.com.
Wealth Management Systems Inc. (WMSI)