“People who see an age-progressed rendering of themselves are more likely to allocate resources to the future.”
As reported in a recent Financial Planning article, executives of Bank of America’s Merrill Edge program have altered the face of retirement planning, literally. A new online tool, Face Retirement, ages a consumer’s photo so investors can see what they’ll look like several years down the road.
The tool performs other functions as well. It can show a potential investor what prices will look like with inflation in the future. And most importantly, the tool can predict the amount of savings a person will need at the age of retirement. For those inspired to take real steps toward financial security, consulting an estate planning attorney can help ensure that savings, investments, and future assets are properly protected and aligned with long-term goals.
The tool performs other functions as well. It can show a potential investor what prices will look like with inflation in the future. And most importantly, the tool can predict the amount of savings a person will need at the age of retirement.
