Voya Financial, in partnership with SAVVI Financial, has introduced a next-generation retirement income guidance tool designed to give workplace retirement plan participants clearer, more personalized insights as they plan for life after work. The new digital experience will begin rolling out to eligible participants in the coming weeks, offered at no additional cost.
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This new tool combines Voya’s deep expertise in workplace retirement solutions with SAVVI’s advanced optimization engine, delivering retirement guidance that reflects the complexity of real-life financial planning. Unlike traditional calculators that rely on limited assumptions, Voya’s enhanced experience integrates factors such as taxes, health insurance, Social Security timing, pensions, market assumptions, and withdrawal strategies to give individuals a more holistic view of their future income.
“We’re advancing Voya’s commitment to meet individuals wherever they are on their retirement journey to help them increase their financial confidence,” said Laurie Lombardo, senior vice president and head of Retirement Product at Voya Financial. “Our solution delivers personalized, actionable guidance intended to help our participants make informed decisions that support their financial well-being, not only as they prepare for retirement, but throughout every stage of it.”
Participants using the tool will be able to visualize their expected retirement income, understand how payouts may change over time, and receive tailored recommendations on the most tax-efficient ways to withdraw money from different accounts. It also helps clarify key timing decisions around Social Security and pension benefits areas that often create uncertainty for retirees.
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Chris Moran, head of Partnerships and Relationship Management at SAVVI Financial, emphasized the significance of this shift. “Retirement platforms may leave people wondering what to do when it’s time to turn savings into income,” he said. “This participant tool changes that by meeting people where they are—helping them see what their financial future could look like, and giving them clear, personalized steps to help them get there.”
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Historically, this kind of in-depth, scenario-based planning was accessible only through dedicated financial advisors. Voya and SAVVI’s collaboration aims to make this level of guidance accessible to a broader range of retirement savers—empowering individuals to make confident decisions during one of life’s most important transitions.
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