One of the most common mistakes people make in saving for retirement is investing with a plan that charges hidden or high fees. By the time you retire, saving money with lower fees can add up to large sums of money due to compound interest. That is not the case at Vestwell—we offer investment strategies with low expense ratios, allowing you to keep those dollars in your nest egg so they can grow over time.
If your company already has a Vestwell retirement plan, click here to sign in to your account!
The scary truth is that most working Americans will not have enough income at retirement age. Social Security isn't the solution: many experts agree that it will provide less than half of the employee's current yearly income in retirement. This means that most workers can expect to receive about 40% of what they are earning today in retirement. Where does the other 60% come from? Some of it may be through personal investments, but that still may not be enough. Fortunately, the right retirement plan can help close the gap on your retirement income needs.
Investing for retirement is easy—we look at your age and retirement year and suggest an appropriate strategy, which will automatically adjust as you get older.
By answering a few questions in our risk tolerance questionnaire, we'll be able to suggest a strategy that's appropriate for you.
For employees with more experience with investing, you can pick from a diverse lineup of funds. Then, adjust the ratio to get the right mix of stocks and bonds.
Most Vestwell plans offer auto-enrollment, defaulting to saving 5% of your paycheck. If you want to adjust it, you can enter either a percentage-based or a dollar amount, or choose to contribute to a ROTH 401(k) with post-tax dollars.
We default most employees into a target age strategy based on the year we estimate you'll retire. Want to change your investment strategy to suit your needs? Just click the Review Strategy button on your dashboard.
Picking a beneficiary to receive your savings if you pass away is an important, responsible thing to do. Fortunately, Vestwell makes it easy to do the right thing. Just enter the name, contact info, and social security number of your chosen beneficiary on our site.
If your company already offers Vestwell, you should have received an e-mail with a sign up link. Don't have it handy? Just click the link below. Note that your plan needs to be active to sign in.Sign In To Your Account
While individual employees cannot work with Vestwell directly, your employer can decide to offer a 401(k) plan through our platform. Get in touch and we can send you some information to show the right person at your company.Request Information