menu

Money Managers Create A Data-Driven Retirement Calculator

Money Managers Create A Data-Driven Retirement Calculator
Financial Services

United Income created a retirement calculator that factors in a person's health and their spending habits to help them plan for the future

Zack Palm
  • 13 september 2017

Retirement calculators are tricky to get right, as they depend on predictions of multiple factors, including how healthy the economy remains and whether the individual stays continuously employed. A new retirement financial advising company, United Income, is using software and big data to optimize an individual’s long-term retirement fund.

Traditional retirement plans only look at the amount of money a person makes and how much they should save, and then use math to show how much that saved money will grow over time. United Income uses this method as well; however, it also brings focus to the estimated life span of a person and how much they plan to spend when they retire. This means the financial advisers will factor in a person’s education, health and spending habits.

United Income recommends its services to customers between the ages of 55 and 70, as they typically have to start considering when they should retire, along with how they need to handle their Social Security.

United Income


Lead Image: American Advisors Group | CC

+data
+financial advice
+financial services
+Health
+Money
+retirement
+technology
+United Income

More in Health

Health

Ultra-Thin Electronic Skin Continuously Monitors Your Vital Signs

Japanese researchers have created a wearable display to ease the burden on home healthcare systems

21 February 2018
Health

Personalized Vitamin Mixes Are Based On Your DNA

Nutrigene is using data from 23andMe genetic testing to help craft unique liquid nutrient elixirs for customers

15 February 2018

The Latest

Event

A conference celebrating innovation in brand experience, retail experience and consumer culture.

May 18, 2018 | New York City
Video

DoSomething.org CEO Aria Finger shares what it takes to have a successful brand partnership

September 27, 2017
No search results found.