How Retirable Works
At the heart of Retirable’s approach is its team of certified financial advisors. During your initial call with this person –– held over video or phone –– your advisor will review all of your income sources: savings, Social Security, and anything else needed for retirement. Your advisor will also ask you about your goals for retirement as well as your financial needs.
From there, your advisor will build a customized plan that incorporates investments as well as spending allowances to ensure that your money will last. They will also roll your savings over into Retirable’s own IRAs, allowing you to take advantage of tax savings.
Before you make any decisions, your advisor will present the plan to you, allowing you to make changes as needed. In our experience, this meeting took place four days after our initial call.
Once you’ve reviewed your plan, you can begin rolling over money into your Retirable account.
You’ll start receiving a monthly income through Retirable. This will allow you to spend, knowing that you’re living within your means. If you need to make a withdrawal from your account, you can do so with a Retirable debit card. Additionally, if you’re unsure about how much to withdraw, you can contact your financial advisor to discuss the implications of doing so.
Your advisor will remain in touch with you for as long as you have a Retirable account. All of Retirable's advisors are fiduciary financial advisors. This means they are legally required to invest with their client’s interests in mind rather than selling services for which they earn commissions.