MassMutual's Retirement Services Division is introducing two new analysis tools to help employees determine their retirement readiness.
The RetireSmart Ready tool allows participants to calculate and implement saving rates and asset allocation strategies that may make their retirement more successful by increasing their chances of having enough money saved. The tool is personalized for each participant, and is available to all participants using MassMutual retirement services.
In the summer, MassMutual will introduce PlanSmart Analysis report, a plan-level solution that assesses the percentage of employees who are on track to replace a specified level of income in retirement.
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