MyRetirementPlan creates a culture different than large companies by providing a comfortable environment and a brand that will attract millennials. We differentiate ourselves by providing only investment advice to this niche market.
Grand Rapids, Michigan (PRWEB) September 02, 2015
Grand Rapids entrepreneur, Bob Sloma, announced the launch of his second venture, MyRetirementPlan (MRP), an entirely automated, online retirement planning and investment tool that eliminates the costly in-person relationship between an investor and his or her financial advisor while helping participants determine what to invest in, within the options of their plan, and what allocations to use based on their risk tolerance and time until retirement. Today the online engine is the latest innovation created to improve access for middle class Americans to retirement planning tools at an affordable cost.
“MyRetirementPlan provides a highly sophisticated planning tool that is extremely easy for someone with limited investment experience to use and obtain recommendations for investing in their retirement plan,” said Bob Sloma, creator of MRP. “MyRetirementPlan makes it easy for clients to determine what to invest in and how much to invest to have the best odds of a secure retirement of at least 30 years.”
MyRetirementPlan is an online, automated retirement planning tool for those looking to invest and begin the retirement planning process. With 20 metrics working behind the scenes and searching through five asset classes, the engine provides optimal retirement investment strategies and updates quarterly ensuring the most current information is available. This allows users to rebalance investments without the possibility of human error.
The online engine provides Americans with a tool to make the best investment decisions within their personalized plan. The tool attempts to maximize investment return for their personal risk tolerance and amount of time before retirement.
MyRetirementPlan focuses on targeting the following audiences:
- Young savers looking to start saving for retirement through 401(k), 403(b) or 457 plans
- Institutions such as Retirement plan providers, Certified Financial Planners looking for third-party asset management and Financial Advisors to plan sponsors and/or individuals
- Professionals who are centers of influence in the community
- Middle class individuals looking for personalized guidance on what to invest in and the respective allocations within their employer’s retirement plan.
- Young savers and middle class individuals who desire investing additional savings outside of their employer’s retirement plan can receive personalized service through Sigma Advantage Investments, MyRetirementPlan’s parent company.
“A staggering 93 percent of millennials are not confident enough to start investing,” continued Sloma. “MyRetirementPlan creates a culture different than large companies by providing a comfortable environment and a brand that will attract millennials. We differentiate ourselves by providing only investment advice to this niche market, allowing our costs to be lower and requiring less overhead.”
A previous engineer, Sloma used his knowledge to create an algorithm focused on consistently beating the S&P 500, maintaining a process of research demanding minimal portfolio changes and generating a process that can be repeated.
Institutional subscribers to MyRetirementPlan gain personalized access to the full capabilities of the application, including increased service options and a polished extension of their own branding. Individual clients are walked through a series of six questions evaluating the level of financial risk, matching portfolio type, assessing investment goals and determining the most feasible plan for the subscriber. The answers to these questions help the application generate a customized investment plan for each individual. Once a customized retirement plan is created, the participant can then use their existing employer’s retirement plan provider’s website and easily make changes using MyRetirementPlan’s recommendations.
“MyRetirementPlan puts you behind the wheel of your retirement plan,” said Sloma. “Our sophisticated investment engine achieves this so investors can take the first step toward a more secure future. “
For more information about MyRetirementPlan please visit: https://myretirementplan.us.
MyRetirementPlan is an online, automated retirement planning tool designed to improve access for middle class Americans to retirement planning advice at a low cost. By answering a series of six questions MyRetirementPlan evaluates and develops strategic retirement planning structures customized to each individual.