Financial Engines - Legit Financial & Retirement? [Reviews]

Looking for honest details about Financial Engines?

I’ve been taking a closer look at the financial and retirement planning website Financial Engines to learn what they have to offer and whether they are worth getting involved with.

Below you can find my honest article on Financial Engines sharing more information about them.

Before I start…

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Financial Engines Review

Established by Nobel Prize winning Bill Sharpe, Financial Engines is a leading online financial advisory service that has been widely featured on the platforms of several 401 (k) planning administrators. The platform has provided sound financial advice since the last two decades and is widely popular for its actionable targets.

Financial Engines is just 1 of many investment platforms I have been reviewing lately including Realty Mogul and more so be sure to check out my other articles before you leave.

For many people, Financial Engines is like their very own financial team that informs them about the things they should know about retirement planning.

But how exactly does this platform work? What are the advantages of using the Financial Engines services? Well, that’s exactly what we will find out in the next couple of sections.

financial engines website

How Does Financial Engines Work?

Although Financial engines offers relevant advice to both the employees and the employers of an organization, most of it is specifically catered to the former. Like we already mentioned, this platform works by providing professional management services to the employees who are partaking in organization-sponsored contribution plans like the 401 (k) ones. You can use their services and advice to either for managing your existing plan or tweaking it to make it better. Their services can be accessed through your current employer plan. To put it simply, with Financial Engines, you get to enjoy new benefit within your existing one.

What’s Special About Financial Engines?

At this point you might be wondering what’s special about financial engine. Don’t they offer the same services as practically every other financial planning organization? Well, one of the best aspects of this platform is its team of professional local advisors. These advisors are highly professional in understanding you and your specific requirements. So once you get in touch with them they’ll build your customized plan and tweak as and when it is required. The best part- they’ll continue communicating your overall progress towards throughout the duration of the plan you’ve opted for. And the benefits don’t just end here. In addition to having some of the best local resources in their team, the platform also comes with an equally competent set of national resources. These professionals conduct thorough, detailed economic analysis. And when they do provide an investment strategy, they ensure that it goes through necessary research. Finally, they also go through your entire set of asset allocations thereby ensuring that nothing is left behind in the way. So if you’re looking for proper, consistent and viable financial planning and management- these professionals will surely help you out!

Financial Engines Features At A Glance

Financial Engine’s website doesn’t divulge much detail about its cost to the employees, but it does list the features.

So in case you were wondering about the features of this platform, here’s everything you need to know.

Professional Management

Like we already told you, Financial Engine provides proper, frequent and consistent monitoring of your account. They will provide you with an investment advisor who will analyse the current saving options for your retirement plans. Alternatively, they will also consider the various aspects like the sales volumes, expense ratios, rate of asset turnover, cost of transaction, the style of management and the likes of it. And the benefits don’t just end here! In addition to these services, you will also get a progress report detailing your account balance, the prospective value of your financial accounts by the time you retire, and the changes they’ve implemented to customize your situation according to the market standards. In certain cases, you might also be able to avail detailed retirement check-ups from expert representatives who’ll help you be on track as you head towards retirement.

Customized Income Plans

Financial Engines will also provide a detailed retirement plan that’ll help you make the most from your money. As a part of this service, you get to try the Income+ program that’ll help you move your 401 (k) retirement savings to proper, steady payouts during the time of retirement.

Retirement Readiness

As a part of this feature, you’ll get to access their social security planner that’ll help you maximize your current income from the same source.

Sound Advice

It goes without mention that Financial Engine provides particular fund recommendations amid your overall portfolio that’ll help you figure out which investments to try. Alternatively, you also get to know how much you should ideally invest in each of these plans.

Financial Engines Verdict

After taking a closer look at Financial Engines I can clearly see that it is a legitimate operation and you really have nothing to worry about. Does that mean you should definitely use them? You shouldn’t blindly use anyone for financial advice and you should always look at all the options on the table, but I see no real risks to using Financial Engines as their services are legitimate.

Before you leave

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Mark Charles

Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.

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