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MyVest and Income Discovery Partner for Tax-Smart Retirement Withdrawals
Slice of Finance Team
21 Jun
Key Highlights:
MyVest and Income Discovery partner for advanced retirement income solutions.
Tax-smart withdrawals to optimize retiree outcomes.
Integrated solution enhances advisors' capabilities for managing client retirement plans.
Bi-directional data connection ensures adaptable and effective retirement plan monitoring.
Source (Business Wire)
Notable Quotes
“In the face of a rapidly growing retiree population, the industry is at a crucial juncture where the need to operationalize and scale retirement income has never been more important. At Income Discovery we’ve met this challenge. In partnering with MyVest, we aim to bridge the gap between planning and execution to ensure that retirees can actually generate retirement income from their accounts while mitigating the risk of outliving their resources. This partnership represents a significant stride towards addressing the need and reshaping the way we think about retirement income planning. And we’re just getting started.”
“MyVest is delighted to embark on this journey with Income Discovery, marking the first step in a roadmap designed to move retirement income from planning to action. By leveraging our complementary strengths in tax-managed personalization, we are bringing retirement income to life and providing firms with the opportunity to differentiate their practices.”
Our Take:
This partnership between MyVest and Income Discovery is a significant advancement in the retirement planning sector. By merging MyVest's expertise in tax-managed personalization with Income Discovery's retirement income platform, they are addressing a critical need for scalable, tax-efficient retirement income solutions. The ability to provide systematic withdrawal recommendations and execute these through an integrated experience marks a transformative step in ensuring retirees' financial security. As the retiree population grows, such innovations will be crucial in enhancing the capabilities of financial firms and advisors, ultimately leading to better retirement outcomes for millions.