Current Savings Rate
There are many rules of thumb when it comes to savings rate but the monthly savings budget is only one piece of retirement planning. Participants can use Vision’s modeling tools to see how today’s savings rate can affect their plans for tomorrow.
Investing, even for retirement, involves risk. Vision allows your employees to see how adjusting their portfolio’s emphasis on stocks can shift their exposure to the ups and downs of the market.
The length of a participant’s career and their age at retirement affect not only the amount they’ve saved, but their social security benefits and years of retirement they need to plan for.
This is the heart of retirement planning. Vision considers participants’ estimated social security benefits, savings, and even pensions to help them make plans that stay true to their priorities.
Retirement Spending Tools
As they approach retirement, it will soon be time to turn savings into monthly income. Vision can support participants as they plan how to withdraw their savings.