A company news release said the site, dubbed the Pudding Index, asks for four pieces of information:
- date of birth
- current pay
- current total of retirement account balances.
The index then figures the benchmark level of assets and scores the visitor’s actual account balances versus the benchmark amount.
According to the Independence, Missouri-based company, a Pudding Score of 100 or more says retirement assets are ahead of the index level; a lower score says the visitor trails the index’s pace.
In addition to the Pudding Score, the site
calculates an age 65 retirement income that starts with
today’s balances and assumes future growth and
contributions that match the benchmark account levels.
“Unlike calculators that focus on future asset
growth, the Pudding Index grades the retirement saver on
his or her current balances. This approach engages
younger workers, it’s more real and allows workers to
easily track their progress over time” said Bill
Glasco, spokesperson for Pinpoint Performance, in the
More information is at http://www.puddingindex.com .