BeRetired – Are You Saving Enough for Retirement?
Are You Saving Enough to Retire?
BeRetired is a retirement income projection report that provides you an estimate of how much your current 401(k) savings plan will provide upon retirement in a monthly and annual ‘salary.’ This gives you a better understanding of where you are today so you can be where you want tomorrow.
Not a “Your Number” Approach
You have probably seen the commercials where people walk around with their number. We find these to be very confusing as the ‘number’ doesn’t mean a whole lot unless they understand what it means to the individual in retirement income. We think this guy (cutting his hedges) is as right as anyone since there are thousands of variables that could change between today and when you retire.
Turning Your Balance Into a 401(k) Salary
Instead, BeRetired takes your current savings plan and projects your monthly and annual 401(k) salary, as well as what percentage of your final year’s working income that represents and how long it will last. More importantly, it projects how your retirement picture could improve with increases made to your contributions.
Straightforward and Concise
BeRetired makes it easy to determine what your current plan looks like, as well as the benefits of increasing your contributions. We hope that having your savings plan translate into a 401(k) salary will help you better understand your current savings plan and the impact that increasing your contribution will have on your retirement picture.
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.