Watch and Learn Why Your Pension Needs Attention Before You Retire [video]

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Today’s blog is the fourth of five posts featuring videos on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner to learn how to get more from Social Security.

As you begin planning your retirement, it’s important to understand how your money will come together to create your income in retirement. Having a pension can be very helpful but there are questions you’ll want to ask before you take your pension to make sure you make the best choices for your individual situation. If you choose to take your pension as a lump sum, making sure you invest it wisely – in a way that helps your money last a lifetime – can make a huge difference to your life in retirement.

Watch this video for a brief summary of the opportunities you have with your pension and what to consider once you receive the money.

Our Video Explains How Savings Becomes Income in Retirement [video]

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Today’s blog is the third of five posts featuring videos that focus on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner [look for the "Try It Out" button halfway down] to learn how to get more from Social Security.

While it may be difficult to picture your retirement today, one thing is for sure: your savings will be important in your transition away from work. While most people think of savings as their rainy day account, we’re talking about the money you have been saving in your 401(k), IRAs and bank accounts. When you retire, that money will become important sources of income that can help you delay Social Security (if you so choose). If you have saved enough, it can also help you afford the things you want to do when you are retired.

The first step is managing your money today. Watch this video to see why savings is so important and how it transitions to income as you stop working.

Get Help Navigating Social Security’s Complexities [video]

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Today’s blog is the second of five posts featuring videos on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner [look for the "Try It Out" button halfway down] to learn how to get more from Social Security.

As you start making your transition to retirement, you’ll need to understand all your income sources so you will know how much you can spend each month. Social Security is incredibly complex and most people miss out on tens of thousands of dollars in benefits because they don’t have anyone to help them figure out the best way to claim. By considering Social Security in combination with your 401(k), you can unlock hidden value and increase your retirement income.

Watch this video to see how Social Security works and why getting help can help you get the most from Social Security. Then give our Social Security Planner a try to see how you can best approach Social Security in your household [click here for the planner, then look for the "Try It Out" button to start].

Watch and Find Out What You Need to Know Before You Retire [video]

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Today’s blog is the first of five blogs featuring videos that focus on how you can prepare for retirement. If you are a Financial Engines customer (find out here), we can help you create your personal plan. If you don’t have access to Financial Engines as an employee benefit, you can still use our Social Security Planner to learn how to get more from Social Security.

At Financial Engines, we see retirement as a journey. There are so many things you’ll have do and decide while you prepare, during and after retirement. Creating a steady stream of income in retirement is incredibly important because it’s what will help you do everything you want to do when you are no longer working.

Watch this video to find out how income in retirement works.

Visit FinancialEngines.com – Come for the New Design, Stay for the Social Security Plan

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Financial-Engines-WebsiteWe’re pleased to roll out our newly designed corporate website – just in time for our newest service, the Social Security Planner.

There’s a lot happening at Financial Engines these days and the focus is on you.

We are working to streamline your ability to get the information you need quickly and easily. From help with Social Security to Continue reading

Five Tips to Help You Get the Most Out of Social Security

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five-tips-social-securityWhen to claim Social Security is a complicated decision, but the general rule of thumb is that it’s worth waiting to claim to receive a greater lifetime benefit. The following are five important tips to consider as you prepare to claim Social Security benefits.

  1. It pays to delay (claiming). While you can start collecting your earned Social Security benefits as early as age 62 or as late as age 70, you’ll generally get higher payments if you delay claiming. For every year you wait, your payments will Continue reading

Jeff Maggioncalda, Financial Engines CEO, Rings Bell at NASDAQ to Usher in New Social Security Service

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Financial Engines NASDAQ Closing Bell 2014Yesterday, we announced the immediate availability of a new Social Security planner that helps individuals and couples easily discover better ways to claim their Social Security benefits. We are inviting everyone to use the Planner that’s available now at www.financialengines.com.

To celebrate, CEO Jeff Maggioncalda rang the closing bell at the NASDAQ. Continue reading

Introducing Personalized, Integrated Social Security and Income Planning Services

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Financial Engines Interactive Social Security PlannerIn March, we conducted a study that found Americans are over-confident in their ability to make good Social Security claiming decisions. It turns out that a lot of people need help with this important decision.

Today, we launched new Social Security guidance and income planning services that help people understand how to get the most out of their Social Security benefits and see how the pieces of their retirement income come together after they stop work. It’s available at no additional charge to employers that offer Financial Engines’ retirement planning services or their employees who use it. And because we feel so strongly that everyone should be able to get the most out of their Social Security benefits, we’re also making the Social Security planner available to all Americans at no charge on www.financialengines.com. Continue reading

Get 401(k) Investment Insights – Follow Us on Twitter, LinkedIn and Pinterest

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Financial Engines Social MediaWe would love for you to add us to the list of companies you follow if you use Twitter, LinkedIn or Pinterest.

Financial Engines regularly publishes articles aimed at helping you

  • Get the most from your 401(k)
  • Understand trends that may impact how you plan and save for retirement
  • Helpful guidance and tools for making your money work for you

Continue reading

Four Common Retirement Investing Mistakes and How to Avoid Them

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retirement helpWe all make mistakes. But when it comes to finances, one mistake can make a big difference in your financial well-being, especially at retirement. It’s the difference between retiring well and asking yourself, “Well, what now?”

We’ve outlined four common mistakes we’ve seen near-retirees make and what you can do to avoid them:

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