vWise, Schwab Retirement Technologies Partner on New Tools

The personalized video and online calculator are both focused on retirement income.

vWise has partnered with Schwab Retirement Technologies to offer two new tools focused on retirement income: PowerView and IRIO.

PowerView takes into account an individual’s balance, asset allocation, year-to-date contributions and employer matching funds to project their balance at retirement—in the format of a personalized video that provides specific next steps to improve that outcome.

IRIO, the Integrated Retirement Income Optimizer, encourages participants to contribute more to the plan by showing how increases in contributions translate directly into higher monthly income in retirement.