In honor of America Saves Week, Feb. 25-March 2, ING U.S. has launched a new personalized savings benchmarking tool called ING My Savings Score.
The tool allows users to score their personal retirement preparedness by comparing their savings to a prescriptive target, based on age and annual income.
After entering their age, income and retirement savings information, they are shown a personalized savings score that reflects the amount of their retirement savings as a multiple of their annual income. It also gives users a side-by-side comparison to a benchmark that suggests how much they should estimate having saved for retirement today.
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