NEW YORK–(BUSINESS WIRE)–Retirement, the first holistic retirement solution of its kind with the ongoing care of an advisor, today unveiled additional retirement income and investment offerings to its advisory and planning services. Designed for the 50 million Americans approaching retirement over the next decade without a formal retirement plan, Retirable offers ongoing management by a dedicated fiduciary advisor to help clients spend their retirement income efficiently, savings and make key decisions throughout retirement. Retirable also announced $6 million in funding led by Primary, with additional investments from Vestigo Ventures, Diagram, Portage and Primetime. To date, Retirable has raised a total of $10.7 million.
Retirable has successfully disrupted the current retirement model with its proprietary technology and has built over 50,000 plans in the past two years, helping pre-retirees and retirees build confident retirement plans. Retirable’s new services are designed to meet each client’s unique retirement income needs and lifestyle goals while expanding access to affordable and effective retirement planning services, all with Continuing Care of a fiduciary advisor.
“As a society, we typically associate retirement with big trips or buying vacation homes, but what we’ve discovered at Retirable is that most ordinary Americans are actually looking to maintain comfort. and the joy of their current lifestyle for as long as they can,” said Tyler End, CEO of Retirable. “We know that many retirees could benefit in the long term if they had ready access to an affordable retirement solution and someone to help them navigate this journey. Retirable is committed to our customers, ensuring they have the opportunity to continue doing what they love and enjoy their golden years financially free.
Retirable’s income service helps clients efficiently accumulate their retirement savings by sending direct monthly paychecks aligned with the expected amount to maintain their lifestyle. In addition to a dedicated advisor, retired clients receive personalized investment portfolios that balance short-term income with long-term growth. Withdrawable allocates an individual’s assets into three distinct tranches: cash, stability and growth, designed to produce a reliable monthly income throughout retirement.
A 2019 study by Transamerican Center found that 46% of workers question their retirement savings needs. The same study also found that only one in five workers have a written retirement strategy. The majority of middle-class Americans have not had the opportunity to obtain professional advice, let alone advice centered on their needs and lifestyle. Removable opens up that access and ensures customers have full visibility along the way. Clients can access their dashboard to view their personalized retirement plan and reach their advisor anytime with any questions they may have.
Continuing its commitment to affordable access for those who need it, Retirable is offering a free consultation to all Americans 50 or older and pricing its new service at 0.75% on the first $500,000 of assets under management. Retirable keeps fees lower than comparable advisory services while allowing its clients’ savings to go further when they need it most.
“Retirable was launched with the goal of democratizing access to retirement, and we’ve seen every new product they’ve launched serve exactly that purpose while being incredibly well received by customers. Not a single customer has left Retirable since we invested in the business, which is a real sign of customer love,” said Jason Shuman, general partner of Primary. “Primary has a strong thesis around supporting remarkable New York Founders who provide access to things previously unavailable to the masses. We couldn’t be more excited to support Retirable in its evolution to become the most trusted financial services company for those approaching and in their retirement years. »
With the capital raised in its latest funding, Retirable plans to continue to grow its team of advisors and strengthen its partnerships with Medicare agents while developing more customer features, including its beta debit card. . The company will continue to provide clients with a comprehensive retirement roadmap as well as access to a licensed fiduciary advisor to optimize Social Security and Medicare elections and answer all ongoing financial questions. road.
For more information on Retirable and its retirement offerings, please visit www.removable.com.
About retirement
Withdrawable, the first holistic retirement solution of its kind with the ongoing care of an advisor, offers products and services across the spectrum of retirement investing, planning and spending. Retirable was founded by industry veterans to provide a worry-free retirement for everyone. By opening up access to financial advice for retirement, Retirable gives its clients greater confidence and control when they need it most. Based in New York and founded in 2019 by Tyler End, Ian Yamey and Brian Ramirez, Retirable is backed by Primary, Diagram, Vestigo Ventures, Portage and Primetime Partners.