Products April 15, 2008

RetirementWORKS Unveils Retirement Planning Software

RetirementWORKS, Inc., a subsidiary of Still River Retirement Planning Software, has released a new financial planning site for those approaching or who are already in retirement.
Reported by

A news release said the RetirementWORKS for YOU software provides advice based on a comprehensive analysis of an individual’s financial situation. According to the announcement, the system answers:

  • Can I afford to retire when I want to?
  • When should I sign up for Social Security benefits?
  • What should I be doing about health coverage and long-term care insurance?
  • Can I afford to stay in my home, or should I consider selling and downsizing?

The cost of the software is $189 per family for the first year of unlimited access, with subsequent renewals available at half price. Discounts and other arrangements can be made for financial providers, employers, voluntary associations, and Web sites that would like to sponsor or refer their own members or patrons to this service, the company said

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More information is available at http://www.RetirementWORKS2.com.

Deals & People April 15, 2008

Former Ibbotson President to Lead Envestnet’s New Retirement Group

Mike Henkel, former President of Ibbotson Associates, has been named Managing Director for Envestnet’s newly-established Retirement Services Group.
Reported by

While Henkel was at Ibbotson Associates, he developed Ibbotson’s 401(k) advice efforts and established the firm as a leading provider in the space. “His knowledge of independent 401(k) advice services will be an incredible asset for Envestnet and our clients as we deliver a series of retirement services this year and in the future,” said Bill Crager, President, Envestnet, in a company announcement.

Henkel was also selected as a delegate to the National Summit on Retirement Savings in 2002. Prior to joining Ibbotson, he worked at a variety of companies including Knight Ridder Financial Publishing, Lotus Development Corporation, and Data Resources Inc.

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Envestnet Asset Management provides wealth management solutions to independent financial advisers.

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