LEAWOOD, Kan., July 12, 2016 /PRNewswire/ -- Newly released Income SolverTM, by Retiree Income, is already receiving accolades and has been designated a 2016 finalist for the WealthManagement.com Industry Awards in the category of Innovation.
Income SolverTM aims to fill the gap in retirement advice. Created by industry experts, William Meyer, Founder and Managing Principal of Retiree Income, and William Reichenstein, PhD, CFA, and Research Principal of Retiree Income, the software is a response to their research that uncovered the sub-optimal nature of the conventional wisdom currently used to create withdrawal strategies for retirement income. Meyer and Reichenstein built Income SolverTM to coordinate retirement assets with Social Security benefits and use a tax-efficient withdrawal strategy that is proven to extend portfolio longevity by up to a decade.
"Through our research, we discovered that nearly all solutions miss the mark in their retirement income projections," said Meyer. "We knew there was a more optimal way to drawdown on retirement assets and we created software that makes that optimal strategy a reality."
More than 398 nominations were received for the WealthManagement.com Industry Awards from which finalists were selected. The WealthManagement.com Industry Awards are designed to distinguish those companies and organizations that contribute to the success of financial practitioners.
About Retiree Income Retiree Income was founded on the belief that there is a better way to serve retirees or people getting ready to retire—one that is smarter and more personalized. The company produces retirement income planning software for both financial professionals and consumers.
About William Meyer Throughout his career, William Meyer has looked for new ways to deliver higher quality advice to people in retirement. He has a unique combination of experiences in leading the design and launch of innovative client centric services and products, as well as leveraging technology in service offerings.
Early in Bill's career, he learned financial planning techniques for the affluent, and has strived to apply those insights to all households regardless of wealth. He has a track record of successfully developing products and services in executive leadership roles at H&R Block, Advisor Software and Charles Schwab.
About William Reichenstein, PhD, CFA Dr. William Reichenstein, CFA, holds the Pat and Thomas R. Powers Chair in Investment Management at Baylor University. His recent work concentrates on the interaction between investments and taxes. He is the author of In the Presence of Taxes: Applications of After-Tax Asset Valuations (FPA Press, 2008), and coauthored with William Jennings Integrating Investments & the Tax Code (John Wiley & Sons (2003).