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United Income

Aims to help retirees manage their retirement income

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"United Income aims to help users solve the problem of how they will handle their spending in retirement."

Taken from this entry in Angel List. 

"It is a hybrid service, meaning one that offers access to human advisors who rely heavily on financial software."

Founder Matt Fellowes envisions a continuum of services —ranging from free access to planning software; to individualized advice for a fee; to investment and money management for a percentage of assets. United Income intends to function as an SEC registered investment advisor meeting a fiduciary standard."

Fellowes promises United Income will integrate all sources of potential income in a way current  retirement planning software doesn’t and will incorporate a range of factors, including individualized life expectancy and retirement and tax policy insights gained from its location in Washington.

Taken from this article in Forbes

The target market is the middle and upper-income bracket who are not exclusively relying on Social Security but do have to consider trade-offs when spending their retirement nest egg.

What is a provocation or insight that might inspire others during this challenge?

What financial services/products do the 50+ need to ensure a stable income in retirement?
How can we provide services that have the human touch the 50+ want but are also efficient, accurate and low cost?
What are the areas the 50+ are having problems with in terms of planning for their retirement and budgeting once they are retired?

Tell us about your work experience:

I am the Community Guide for this challenge

Specifically, please check all that apply:

  • I'm not currently involved in a credit union, but am curious to learn more!

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