Financial Engines Expands Financial Wellness Offerings With Two New Digital Financial Planning Tools
New College Expense and Retirement Healthcare Expense Planners Provide Individuals with Unbiased,
Activity-Based Financial Planning Help
Financial Engines (NASDAQ: FNGN), America’s largest independent investment advisor,1 today announced two new digital
planners that are now available to millions of 401(k) participants through plan sponsors that offer Financial Engines’ advisory
services directly to their employees. The planners, which include a College Expense Planner and a Retirement Healthcare Expense
Planner, provide unbiased assistance to employees who are saving for their children’s college educations or planning for healthcare
costs in retirement. Like Financial Engines’ retirement-oriented planning solutions, the new planners use rigorous, empirical
forecasting methodologies that set them apart in the industry—providing more accurate and actionable information to employees.
The Financial Engines College Expense Planner helps users come up with a saving and investing strategy to pay for
college. It enables people to estimate how much they will need to save for their children’s college expenses and gives them a sense
of where they stand today in relation to their savings targets. The planner incorporates third-party tuition cost growth estimates
for public and private colleges and a variety of portfolio forecasting options to estimate the savings users could have when their
children are ready for college.
With healthcare expenses one of the biggest concerns of those approaching retirement, the Financial Engines Retirement
Healthcare Expense Planner enables users to estimate what they might need to pay for Medicare premiums and out-of-pocket
healthcare expenses once they stop working. The planner leverages Financial Engines’ partnership with HealthView, the leading
provider of healthcare cost-projection software. With the planner, users receive a location-specific estimate for how much they can
expect to pay for healthcare services in retirement. That estimate can then be integrated into their overall retirement income
goal.
“Our new digital planners address key areas where people need help navigating unfamiliar systems, so they can develop smart
saving and investment strategies,” explained Karen White, vice president of consumer products at Financial Engines. “By offering
accessible, easy-to-use tools on topics that cause a lot of stress and uncertainty, we’re inviting more people into the financial
planning conversation and are helping them connect the choices they make today with the options they’ll have tomorrow.”
The launch of the planners is a part of Financial Engines’ continued commitment to deliver holistic financial wellness solutions
through digital tools, multi-channel communications and advisor interactions.
“These two new digital planners represent a reimagining of how we can help 401(k) participants achieve their goals,” explained
White. “Building on many years of success driving better retirement outcomes, we’re developing additional innovative digital tools
to provide personalized help with the big and small financial challenges that can sometimes eclipse long-term planning. By engaging
people throughout their journey, we can help them balance the now with the next, empowering them to make choices with
confidence.”
For more information about Financial Engines’ new digital financial planners or to schedule a demo, plan sponsors should contact
their Financial Engines Relationship Manager, e-mail workingwithus@FinancialEngines.com or call +1-602-553-7142.
About Financial Engines
With roots in Silicon Valley, Financial Engines is the nation’s largest independent investment advisor. We believe that all
Americans -- not just the wealthy -- should have access to high-quality, unbiased financial help and our client’s best interests
should always come first. Today, more than 700 of the nation’s most respected employers trust Financial Engines to deliver
professional financial help to more than nine million employees nationwide.
For more information, visit www.financialengines.com.
All advisory services provided by Financial Engines Advisors L.L.C. Financial Engines does not guarantee future results.
1 For independence methodology and ranking, see InvestmentNews RIA Data Center. (http://data.investmentnews.com/ria/).
Financial Engines
Mike Jurs, 408-498-6590
mjurs@financialengines.com
or
Allison+Partners
Alexandra Gardell Kreuter, 646-428-0618
financialengines@allisonpr.com
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