BeRetired – 401(k) Gap Analysis Report
Helping Improve Retirement Readiness
BeRetired is a retirement income projection report designed to illustrate an investor’s current savings plan as well as how their retirement picture would improve if they increase their savings. Read below to learn more.
Not a “Your Number” Approach
You have probably seen the commercials where people walk around with their number. We believe that if you show a participant they need $1,200,000 to retire, it will create a sense of hopelessness. Creating retirement confidence is challenging enough without giving participants a ‘number’ that seems unattainable.
Turning Their Balance Into a 401(k) Salary
Instead, BeRetired illustrates a participant’s savings plan in terms of a monthly and annual salary, as well as what percentage of their final year’s working income that represents and how long it will last. More importantly, it projects how their retirement picture could improve with increases made in their contributions.
Straightforward and Concise
BeRetired takes an investor’s 401(k) (and other retirement assets if shared) and projects the monthly and annual “401(k) Salary” the investor might expect. Having it translate to a number with which they can identify helps accelerate the understanding of both their current savings plan and the impact of increasing their savings.
Download a Sample of BeRetired
BeRetired is free to all participants whom have BeManaged available within their company’s 401(k)/403(b) plan. Download your complimentary copy of BeRetired to see how it can add value to your participants.