The Web Planning tool takes an approach to retirement planning by providing both retirement and paycheck analysis function for users
The US Retirement Services operations of ING has launched a new web tool for customers, specifically education professionals using the ING Educator’s Direct 403(b) offering in Delaware, to help them achieve their financial objectives in retirement.
The tool, My Retirement Outlook takes an approach to retirement planning by providing both retirement and paycheck analysis function for users. It also integrates three main retirement income streams into the calculation – traditional pension plan (defined benefit) assets, social security benefits and personal savings.
The company claims that the tool bridges the gap by integrating pension benefits along with social security benefits and personal savings into the equation.
Dan Hanlon, senior vice president of public market sales for ING US Retirement Services, said: At ING, we’re always listening to the needs of our business partners and customers in order to make planning for retirement easier. Many educators tell us they don’t fully understand the interaction between various savings and income sources, such as their 403(b) plans, Social Security and traditional pension benefits. We developed My Retirement Outlook to address these questions, and to provide a more holistic approach to the planning process.
ING is a global financial institution offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in over 40 countries.
Educator’s Direct is a variable annuity product issued by ING Life Insurance and Annuity. The Educator’s Direct 403(b) menu consists solely of target-date funds.