New Planning Tool Considers Whole Retirement Picture

June 26, 2008 (PLANSPONSOR.com) - Allstate has introduced a Web-based customer engagement and reporting tool that goes beyond the numbers which are often the focus of retirement planning and considers individual's hopes, dreams, fears, and readiness for their retirement years.

Through the acquisition of Retirement Bridge, Allstate helps customers better envision their individual retirement goals, including where they want to live, what they want to do in retirement, their biggest worries, and their retirement preparation, according to an Allstate announcement. The secure, online survey, addresses a wide range of topics, from caregiving to working with a financial representative.

The tool provides¬†reports to help customers see the challenges and opportunities ahead of them, including worksheets containing tips and resources based on the customer’s interests during retirement, the announcement said. It also allows Allstate financial representatives to be more familiar with customers.

“Today’s retirement will require new styles of financial planning and preparedness. Currently, the industry falls short on providing tools that help financial professionals gain insight into what truly matters most to consumers about their lives and their retirement,” said Dr. Ken Dychtwald, president and CEO of Age Wave, in the announcement. “We are excited that Allstate’s financial representatives will have a tool such as Retirement Bridge to better help customers visualize their future and how to prepare to fund it.”

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