Betterment Unveils RetireGuide™, An Advice Engine That Creates Personalized Retirement Plans

New Feature Considers Entire Financial Picture, Including Accounts with Other Providers

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Apr 30, 2015, 09:00 ET

NEW YORK, April 30, 2015 /PRNewswire/ -- Betterment, an automated investing service, today announced the release of RetireGuide™, an advice engine that informs customers whether or not they are invested correctly for a comfortable retirement. Unlike typical retirement calculators, RetireGuide builds a customized savings and investing plan that takes into account all of your investment accounts, including those with other providers, and your spouse's holdings.

RetireGuide considers your unique situation, helping to identify your income in retirement and when it's possible to retire.

Betterment Unveils RetireGuide™, An Advice Engine That Creates Personalized Retirement Plans

RetireGuide helps you determine the following:

How much you should be saving per year
Where to invest current savings (401(k), IRA, taxable accounts)
When you can retire
Your expected expenses in retirement, based on where you want to retire
Your projected income in retirement

"Our mission is for all of our customers to reach their financial goals," said Alex Benke, CFP®, Betterment's Director of Advice Products. "RetireGuide is another step toward helping our customers achieve that success by demystifying what's probably the most complex financial goal—retirement. We're taking a holistic look at our customers financial lives, giving them a plan to reach a comfortable retirement, and then executing on the plan."

Betterment offers its customers a globally-diversified portfolio of index-tracking ETFs, personalized allocation advice, and goal-based investing. Customers can open and customize regular investment accounts, traditional or Roth IRAs, trust accounts, and accounts for retirement income.

"From day one, we've aimed to deliver the smartest financial products on the market," said Jon Stein, Betterment Founder and CEO. "We're now focusing on building more advice-driven products for our 80,000+ customers to help them better identify and reach their goals."

Since launching in 2010, Betterment has continued to add new features and improve its industry-leading service. In the past year alone, Betterment has released a suite of tax-efficient features to all of its customers regardless of balance, including Tax Loss Harvesting+ and Tax Impact Preview, along with major updates to its highly rated mobile apps, which are available for both iOS and Android.

For more information, please visit Betterment.com or watch the RetireGuide video.

Betterment is the largest, fastest-growing automated investing service, helping people to better manage, protect, and grow their wealth through smarter technology. The service offers a globally diversified portfolio of ETFs, designed to help provide you with the best possible expected returns for retirement planning, building wealth, and other savings goals. Betterment is a CNBC Disruptor 50, Benzinga's Robo Advisor Tools of the Year and Webby award winner and has been featured in the New York Times, Forbes, and the Wall Street Journal. Betterment helps people to achieve a smarter financial future with minimal effort and at a fraction of the cost of traditional financial services. Learn more here.

Contact Info:
Joe Ziemer, [email protected], 212-228-1328
Arielle Sobel, [email protected], 347-395-0258

Video - https://www.youtube.com/watch?v=W6zk2Ki83Ug
Photo - http://photos.prnewswire.com/prnh/20150428/212266LOGO

SOURCE Betterment