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Products February 15, 2012
T. Rowe Price Launches Ready-2-Retire Tool
T. Rowe Price launched Ready-2-Retire, a web-based tool that allows investors to envision how they might live in retirement.
Reported by Tara Cantore
Ready-2-Retire asks investors questions in a simple manner that helps them establish goals, set priorities and understand risks. No personal financial account information is necessary to use the tool. When investors complete its questions, Ready-2-Retire produces a personal retirement profile summarizing their desired retirement lifestyle plan, their level of preparedness to minimize exposure to various risks they may face in retirement and a list of next steps they may wish to take in the planning process.
Investors of any age can use Ready-2-Retire in their future planning, but the primary audience is likely to be those nearing retirement age. With Ready-2-Retire, pre-retirees can think through the activities they want to participate in, their preferred living arrangements, and possible location changes, while also considering a variety of risks retirees may face—including longevity, inflation, investment and healthcare risks—and how they plan to address them.
Ready-2-Retire was developed by LIMRA and licensed to T. Rowe Price.