Conrad Siegel Investment Advisors Launches Check Mate for Retirement Income Planning

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Retirement Plan Participants Save Up with Professionally Managed Portfolios and Spend Down with Check Mate Income Planning Solution

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Conrad Siegel Investment Advisors, Inc. launches Check Mate, an income planning solution.

Check Mate is designed to meet the most important needs of retirees by helping them develop a simple strategy to ensure their income lasts their lifetime.

Conrad Siegel Investment Advisors, Inc., a wholly-owned subsidiary of Conrad Siegel Actuaries, has launched Check Mate, an income planning solution designed to provide retirement plan participants’ with a steady flow of income throughout their lifetime.

“After decades of saving for retirement, most employees do not know how to handle those savings once they retire. Employees often retire with little education around how to spend down their savings without running through it too quickly,” said Tara Mashack-Behney, President and Partner at Conrad Siegel Investment Advisors. “Check Mate is designed to meet the most important needs of retirees by helping them develop a simple strategy to ensure their income lasts their lifetime.”

Through Check Mate, participants enrolled in Conrad Siegel Investment Advisor professionally managed portfolios and automatic risk reduction program will have an efficient way to fund their retirement years. Retirement income is generated through the plan savings in the form of regular installment payments, so participants do not need to purchase separate retirement income products. Retirees who opt-in to Check Mate will receive customized annual withdrawal amounts along with spend down guidance throughout their retirement. In addition, participants may request additional withdrawals.

“Many of the current solutions in the marketplace are annuities, which often have high fees, surrender charges and are not best suited for all retirees,” continued Mashack-Behney. “Check Mate is designed to be flexible and participants may opt out at any time.”

As Check Mate is rolled out to existing Conrad Siegel Investment Advisor clients, the firm will work with plan sponsors to determine installment payments for retirees. The payments will be calculated through a structured approach based on IRS mortality tables and minimum distribution requirements.

“More employers are reacting to employee demand for this type of solution. Paternalistic companies are looking for ways to help their employees make better financial decisions in a simple and cost effective manner,” said Mashack-Behney.

To learn more about Check Mate, please visit http://www.conradsiegel.com/lib/pdf/checkmate.pdf.

About Conrad Siegel Investment Advisors, Inc.
Conrad Siegel Investment Advisors, Inc. is a wholly owned subsidiary of Conrad Siegel Actuaries, one of the largest and most respected employee benefit firms in the mid-Atlantic region. Conrad Siegel Investment Advisors, Inc. provides independent investment advisory services to retirement plans and high net worth individuals. They are independent, therefore, allowing them to make recommendations in their clients’ best interests. For more information, please visit http://www.conradsiegelinvestmentadvisors.com.

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