NewRetirement: A Holistic Approach to Retirement Planning

August 20, 2016

The founder and CEO of NewRetirement, an online retirement planning service, explains how his service can help investors see how well prepared they are for retirement.

Interested in a second opinion on your retirement plan? Even if you have a good handle on your savings and investments, do you understand how they fit into a holistic retirement plan?

There are currently about 74 million baby boomers aged 50 to 70 in the U.S. A 2015 survey found that 57% of CPA financial planners highlighted running out of money as their clients’ top retirement concern, followed by uncertainty around retirement account drawdown strategies (14%) and health care spending (11%).

Many have good reason to be concerned: For households in the U.S. headed by people age 55 to 64, about 70% have less than $100,000 in retirement savings and only 9% have more than $500,000 in savings.

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