Changes to VG's Financial Engines product...
Just an FYI. Changes were made to FE this weekend that will result in possible forecast changes due to FE now not assuming that a retiree would fund their retirement expenses with only an annuity.
Message from VG/FE:
"Since you have last used our service, we have made some changes to the assumptions we use when we convert projected portfolio balances into projected income in retirement. These changes better reflect most people's preferences to maintain liquidity in retirement or provide for death benefits, rather than annuitize all of their wealth in a simple life annuity. As a result, your forecast may have gone down.
If you would like to learn more about how we generate your income forecast give us a call at (800) 523-1188."