Portfolio company Vestwell has integrated Dimensional's My Retirement Income Calculator into its advisor and participant portals. The tool enables Vestwell to give advisors unique insight into how their clients are saving and better support participants' retirement income readiness.
The calculator, available to Vestwell advisors who utilize Dimensional funds, is designed to enhance their retirement offerings by allowing them to bring a more customized approach to employee retirement programs. The calculator gives advisors a clear line of sight into how much in-retirement income their clients might be able to afford. The income projections offered by the My Retirement Income Calculator also consider asset allocation shifts over time to help improve the reliability of those estimates. "Vestwell was built to help advisors better service their clients, and Dimensional's calculator perfectly supports that mission," said Aaron Schumm, Founder and CEO of Vestwell. "Thanks to the integration of the My Retirement Calculator, Vestwell advisors can better assess the impact of their clients' savings and investment decisions, allowing them to collaborate with clients to better maximize the chances of achieving desired retirement goals."