Innovative visualization with advisor training wins attention in
retirement income category
ITHACA,
N.Y., Aug. 8, 2024 /PRNewswire/ -- IncomePath,
the innovative software that allows clients to visualize retirement
income decisions, announced today that it has been named a Finalist
in the WealthManagement.com 2024 Industry Award (the "Wealthies")
for Technology Providers in the Retirement Income category.
The company co-founders, Dr. Michael
Finke and Tamiko Toland, will
attend the live award event and look forward to institutional
implementations as they roll out the initial online version for
individual financial professionals and small firms. IncomePath
gives financial professionals a simple, goal-based process that
allows clients to select their own lifestyle path through
visualizations of risk and lifetime income.
"We're honored to receive this prestigious recognition," said
Finke, IncomePath's co-founder and Chief Strategist. "We knew that
the demand for a simple solution that helps clients understand how
investment risk and guaranteed income affect spending is clear. The
conversations we've been having since we launched the company in
February have really confirmed that."
Now in its tenth year, the WealthManagement.com Industry Awards
is the only awards program of its kind to honor outstanding
achievements by companies, organizations and individuals that
support financial advisor success. A panel of judges made up of top
names in the industry, led by WealthManagement.com director of
editorial strategy and operations David
Armstrong, chose the finalists and will determine the
winners, which each year recognizes the firms and individuals who
are bringing new innovations to market that make a real difference
to the daily activities of financial advisors. Winners will be
announced at a gala and awards ceremony in New York City on September 5th.
"The IncomePath approach resonates with a wide range of firms
across financial services," said Toland, co-founder and CEO of
IncomePath. "People immediately recognize how the visualizations
convey the risk tradeoffs in retirement. They also appreciate that
we've built a simple retirement income planning process with
training and educational resources for both financial professionals
and their clients."
By clarifying how investment volatility and an unknown lifespan
impact spending, IncomePath allows a client to select the right
combination of investment risk, portfolio withdrawals, and annuity
income. IncomePath includes a step-by-step retirement income
planning guide and visual aid that helps a client choose their
lifestyle path.
IncomePath (www.incomepath.com) will be available for individual
financial professionals in 2024.
About IncomePath
IncomePath offers innovative software that allows clients to
visualize retirement income decisions. Financial professionals can
use IncomePath's simple, goal-based process to allow clients to
select their own lifestyle path through visualizations of risk and
lifetime income. Dr. Michael Finke
and Tamiko Toland co-founded
IncomePath in 2023 to provide a better framework to present how
annuities and other strategies affect retirement lifestyles.
Michael Finke, Ph.D., CFP® is
IncomePath's Chief Strategist and is also a professor and Frank M.
Engle Chair of Economic Security at The American College of
Financial Services. He leads the Granum Center for Financial
Security.
Tamiko Toland is IncomePath's CEO
and is a recognized thought leader known as the "annuity Yoda."
Tamiko is also Founder of the 401(k) Annuity Hub and has held
leadership positions at TIAA, Strategic Insight, and Cannex
Financial Exchanges.
About WealthManagement.com
WealthManagement.com, an Informa business, provides everything
wealth professionals need to know to stay knowledgeable about the
industry, build stronger relationships, improve their practice, and
grow their business. WealthManagement.com offers financial services
organizations a broad array of marketing services designed to help
them influence the industry's leading audience of wealth management
professionals.
Media Contact:
Tamiko Toland
607-592-0888
381489@email4pr.com
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SOURCE IncomePath