New Tool Offers Retirement Readiness Score Tailored to Each Participant

Recognizing that just 29 percent of retirement plan participants know how much they need to save for retirement, Nationwide now offers a quick, easy way for your participants to find out. Our new Retirement Readiness tool is Nationwide’s latest enhancement to My Interactive Retirement Planner. 
Using just four pieces of information that individual participants can easily provide, our new Retirement Readiness tool gives them:

• tailored retirement score
• projected monthly income, including payouts from:
  • deferred compensation
  • pension
  • Social security
• desired income and projected income gap
• actionable next steps to resolve their gap, and 
• Retirement Readiness Report as downloadable and printable file.

Once participants log on to their account, they’ll see a retirement readiness slide bar that immediately gives them a sense of how well they’re preparing for their future financial needs. They can walk away with meaningful next steps within just a few seconds, or use My Interactive Retirement Planner to help to dig deeper, test-driving various scenarios to further personalize their retirement outlook. 
When they have arrived at a projection they like, they can have the tool prepare their Retirement Readiness Report and put their initial steps into action right away. The Report is designed to help participants understand their current status towards their retirement goal, and give them actionable information they can use to improve that status. Participants can easily access this report anytime for a robust and personalized discussion with their Nationwide Retirement Specialist or financial advisor.
We encourage you to test drive the tool for yourself. Just log into your Nationwide retirement account.  The new feature will be available in February. 

Nationwide, through its affiliated retirement plan service and product providers, has endorsement relationships with the National Association of Counties and the International Association of Fire Fighters-Financial Corporation. More information about the endorsement relationships may be found online at www.nrsforu.com.