American Century Investments Debuts New Services for Investors at or near Retirement; Streamlined, Easy-to-Use Approach to Managing Retirement Assets at No Additional Cost.
KANSAS CITY, Mo. -- American Century Investments has unveiled a series of new services to help investors near or in retirement confront the challenges of planning, investing and managing their retirement portfolios. The new services, part of American Century's On Plan Investing(SM) approach -- available at no additional cost, are being introduced as the first wave of "baby boomers" approach their 60th birthdays in early 2006.
"With the leading edge of the baby boomers getting closer to retirement age, many Americans will redirect their efforts from accumulating retirement assets toward the challenging task of planning, monitoring and managing their financial situation through retirement," said Doug Lockwood, vice president of Investor Guidance at American Century. "At the same time, we know that there are many Americans who, either by choice or portfolio size, don't have access to professional financial advice. For those underserved investors, American Century provides a no-hassle, cost-effective way to achieve their retirement goals."
The new pre- and post-retirement offering includes access to needs-analysis calculations, quality investment advice(1) and guidance, and a new service for converting retirement investments into regular cash flow(2). Delivered via phone, face-to-face or over the Internet, the retirement services component of On Plan Investing(SM) leverages American Century's nearly five decades of experience as a premier investment manager.
The three primary components of these new services include: Planning for Your Retirement, Investing for Your Retirement and Retirement Income Management.
Planning for Your Retirement (Needs Analysis)
"The first step to achieving retirement income that will create a desired retirement lifestyle is to assess your needs during retirement, including determining your income sources, planning your expenses, calculating your withdrawal rate and considering your withdrawal strategies," said Lockwood. "We help investors answer the questions: How much could I have? How much could I need? And, how long could it last?"
Using American Century's Investment Planner service, investors complete a series of proprietary integrated calculations to take stock of their personal financial situation and establish:
