Boston, Massachusetts, September 30, 2013 – LifeYield, LLC was one of only three firms to receive the highest rating in the annual Hearts & Wallets study of industry best practices for retirement advice. The newly released study, Inside Retirement Advice 2013: Acquiring and Growing Relationships in the Workplace, Online and with Advice and Guidance features a systematic review of 35 retirement savings experiences.
“Our most striking finding was how much better recommendations were from firms that offered more comprehensive solutions,” says Laura Varas, a Hearts&Wallets principal. “Mid-life investors face tough choices. How much should they invest, save for children’s college or put into real estate, and how to save for retirement? LifeYield’s approach of minimizing taxes to maximize accumulation and income, something they call ‘Coordinated Account and Income Management,’ is an example of a thorough and comprehensive approach.”
The study assessed defined contribution plan enrollment kits from major retirement plan providers, websites of the biggest direct broker-dealers as well as presented a
LifeYield’s Coordinated Account and Income Management approach is unique in the industry, according to the Hearts & Wallets study. “They generated better after-tax returns, retirement income and bequest compared to other firms in the study. We were impressed with the thoughtfulness of the recommendations and proposed solutions. Overall, this was one of only three advice experiences that earned our top rating for quality of recommendations,” Varas said.
“Retirement planning is important but