MassMutual Tool Provides Personal Financial Wellness Score

MapMyFinances also offers guidance to help people achieve their financial goals.

MassMutual has created a new tool, MapMyFinances, that is available for free through employers that use its defined contribution services. The tool gives each user a personalized financial wellness score and provides guidance on how they can achieve their financial goals.

“MapMyFinances is breakthrough financial wellness technology designed to help all Americans secure their financial futures and protect the ones they love,” says Tina Wilson, head of investment solutions innovation at MassMutual. “Whether you’r starting your career, preparing to retire or somewhere in between, MapMyFinances can help you make the best choices about saving for retirement, protecting your family and securing your financial future.”

MapMyFinances replaces MapMyBenefits. It arrives at the financial wellness score by asking users a series of questions about their family situation, budget and personal finances, including retirement savings, health care, life insurance and debt. To help people achieve their financial goals, MapMyFinances creates a to-do list of simple, actionable steps.

“Later this year, MassMutual will be announcing additional financial benefits and services through MapMyFinances, such as debt management, medical and emergency savings, tuition reimbursement and budgeting,” Wilson adds.

Watson Authors 403(b) Plan eSource for ERISApedia.com

"We believe that The 403(b) Plan eSource will be the ‘go-to’ resource for 403(b) professionals and will allow 403(b) professionals to find answers to their compliance questions easily and quickly,” says Timothy McCutcheon, JD, CPA, MBA, publisher of ERISApedia.com.

ERISApedia.com announced the release of The 403(b) Plan eSource, authored by industry expert S. Derrin Watson, J.D., APM.

Timothy McCutcheon, J.D., CPA, MBA, publisher of ERISApedia.com says, “We found that the market needed a comprehensive, easy-to-understand reference book on 403(b) plans. We believe that The 403(b) Plan eSource will be the ‘go-to’ resource for 403(b) professionals and will allow 403(b) professionals to find answers to their compliance questions easily and quickly.”

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Watson says it’s easy to update the book as new guidance is released, or as questions from ERISApedia subscribers reveal areas that need to be explored.

Watson has been answering questions over the past year about 403(b) and other plans in the ERISApedia.com “Ask the Author” service. In January, the firm announced he had edited and selected over 400 responses to subscribers to include in its Qualified Plan eSource (QPeS).

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