The market crash of 2008 prompted many individuals to learn more about and take better control of their retirement assets. Because of this trend, many companies offer online tools to help plan participants plug in numbers and see just how well they have planned for retirement.
Retirement calculators are blossoming all over the Web, and even though they all seem to use different criteria to figure out just where you stand, they all serve one purpose, to spur participants to some sort of action, said David Bernard, executive vice president of strategic relationships at GuidedChoice.
GuidedChoice recently rolled out an online savings tool called QuickAdvice. The tool is a "way to get in and get information really quickly. You don't have to enter a lot of data and it can give you a quick snapshot," Bernard said.
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