The first free online matching service designed to help baby boomers find retirement income specialists in their local communities is now active Iowa. Annuity123, the online retirement income educational portal, has opened their Annuity Harmony matching service for the benefit of all residents in Iowa who are in need of retirement income planning guidance. This innovative online matching service is aimed to link retirees with retirement income specialists whose practice is in their local area.
Over 30 years ago, Americans were forced by their employers to forego attractive and successful defined benefit pension plans for contribution 401k plans. At the time, the oldest baby boomers were new to the work force, low on savings, and had no way of knowing what lay ahead for them. Today’s baby boomers and soon to be retirees are now often riddled with fear and anxiety about outliving their savings and income. Unfortunately, many of these soon to be retirees are still not fully prepared.
By first providing consumers with free educational material about annuities, and then matching them up with experts in their area for further advice, Annuity123 hopes to make a positive impact within the retirement field. The Annuity123 designers found that there was no great system in place to make sure consumers were able to be fully informed of how annuity products work while also providing an efficient venue to help its users find a retirement income specialist within their respective cities when need of further clarification or guidance.