Fidelity Investments has a new retirement-planning program called myPlan.
It is designed to help individual investors and employees "break through the inertia associated with retirement planning and savings and take steps towards achieving financial goals," the Boston company said Tuesday in a press release.
It features "a combination of easy-to-use interactive planning tools that allow users to develop a retirement plan with action steps to help improve savings. It also provides alerts and monitoring to help investors stay on track, offers new guidance content for self-learning and, in future versions, will feature a series of online exercises designed to help users envision their life goals." The program is available at no cost to investors.
Next year, Fidelity will add automated alerts that "will help users manage their plans from an asset allocation and savings rate perspective and allow them to track their progress along the way."
The first phase of myPlan will be available to investors in the next few weeks.
Fidelity had $1.3 trillion of assets under management on Sept. 30.
