On average, Americans who partner with financial professionals are significantly more prepared to make important financial decisions than those who try to go it alone.
That’s the conclusion from a 2018 Voya survey1 on retirement readiness. In addition to helping you feel more confident about your future, professional advice can help drive better outcomes in two distinct areas:
1. Planning for retirement income
An advisor brings an objective viewpoint to the table, helping you embrace the social, emotional and financial aspects of retirement.
2. Planning for healthcare expenses
A financial professional can keep you focused on the big picture, including planning for the rising cost of healthcare and long-term care as you get deeper into retirement.
Voya financial professionals are ready to help
Through the ABA Retirement Funds Program (“the Program”) you have access to a number of services to help improve your financial wellness.
BeReady! Financial Planning Support
The BeReady! service gives you one-on-one access to a Financial Advisor2. You can discuss planning your financial priorities. The Advisor will provide you with a complimentary personalized Financial Snapshot that lays out steps you can take to help you achieve your financial goals. Call Voya Financial Advisors (VFA) at 844.253.8692 to get started or visit abaretirement.com/beready to learn more.3
Visit Our Online Financial Planning Tools
Personal Financial Dashboard
This is a free online planning tool that helps you organize your finances and assists you in making more educated money decisions. Log in to your Program account at www.abaretirement.com and visit the Personal Financial Dashboard. Just click the “Organize your $$$” link you’ll find just under the dollar bill graphic.
Online Investment Advice and Financial Guidance
Get personalized recommendations you can implement yourself, at any time, using Online Investment Advice and Financial Guidance tools. The service offers investment recommendations, retirement income forecasts and progress monitoring, all at no additional cost. Log in to www.abaretirement.com, hover over More Resources in the upper right hand corner, and select Voya Retirement Advisors.4.
Social Security Guidance
If you’re getting close to retirement age, it’s important to understand how Social Security works so you can maximize your benefits.
The Program offers Social Security guidance at no additional cost. You can estimate your Social Security benefits and determine how to optimize your monthly benefits considering the income you can expect to receive from your own savings. You’ll get a comparison of different Social Security strategies along with clear action steps for each strategy.
To access Social Security guidance, log into your abaretirement.com account, hover over More Resources in the upper right hand corner, and select Voya Retirement Advisors. Just follow the “You can do the work” path until you land on the Overview tab5, then select the Income Planner tab to begin using Social Security guidance.
1 Survey results are based on findings from an online CARAVAN® survey commissioned by Voya Financial and conducted by Engine (formerly ORC International) of 1,004 adults in the U.S. ages 18 and older. Responses were collected between Aug. 20-22, 2018.
2 Financial Advisors are Investment Advisor Representatives of, and offer securities and investment advisory services through Voya Financial Advisors, Inc. (Member SIPC).
3 For more complex situations, your Advisor can design a complete financial plan for a fee of up to $1,500.
4 Advisory Services provided by Voya Retirement Advisors, LLC (VRA). VRA is a member of the Voya Financial (Voya) family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement and the ABA Retirement Funds Program’s (the Program’s) Fact Sheet. These documents may be viewed online by accessing the advisory services link(s) through the Program’s website at www.abaretirement.com after logging in. You may also request these from a VRA Investment Advisor Representative by calling the Program’s information line at 800.348.2272. Financial Engines Advisors L.L.C. (FEA/Financial Engines) acts as a sub advisor for VRA. FEA is a federally registered investment advisor and wholly-owned subsidiary of Edelman Financial Engines, LLC. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountant, or if you need legal advice, consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party, and past performance is no guarantee of future results. Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. All other marks are the exclusive property of their respective owners. FEA and Edelman Financial Engines, L.L.C. are not members of the Voya family of companies. ©2018 Edelman Financial Engines, LLC. Used with permission.
5 If you are enrolled in Professional Management, selecting Voya Retirement Advisors will take you right to the Overview tab.