VALIC, RetireUp Offer Retirement Plan Participant Planning Tool for Advisers

VALIC, an AIG company, and RetireUp have partnered to create Retirement Pathfinder, a tool that VALIC’s advisers can use to show various investment scenarios to participants. VALIC is a retirement plan provider for health care, K-12, higher education, government and other not-for-profit organizations, and RetireUp is a provider of retirement planning software for financial advisers.

Retirement Pathfinder is delivered through a web-based portal that breaks down complex financial matters through informative graphics, educational materials and more. Rather than issue a questionnaire to participants to understand their risk tolerance and retirement goals, Retirement Pathfinder is dynamic, allowing for ad-hoc changes and a host of different scenarios. It can determine a participant’s lifestyle needs, discretionary lifestyle needs and the remaining income gap. The program explains a variety of investment options, including annuities, in a clear, concise way.

“For 60 years, we have focused on the success of our clients, and we are always looking for opportunities to better serve them,” says Rob Scheinerman, president, group retirement, at AIG Life & Retirement. “That’s why we partnered with RetireUp to introduce Retirement Pathfinder. What’s especially unique about Retirement Pathfinder is that it allows a client to sit down with an adviser and map out the future they envision.”