The Kansas City Business Journal reports the new service scrutinizes available funds, estimates how long money is likely to last at variable rates of withdrawal and provides advice for extending cash flow.
Customers can not only make calculations for their holdings with American Century but can consider all their investments. The company said this allows clients to create the best overall strategy to maximize or extend their investments as they draw from them in retirement, according to the news report.
In addition to helping those ready to retire or already in retirement, the service can help those several years from retirement estimate how much they can expect to draw from their savings each year based on their planned retirement date.
American Century’s Web site is www.americancentury.com .